A New Approach to Multidimensional Ordinal Welfare Measurement: Country and Urban Level Evidence

M. Azhar Hussain (), Ismir Mulalic () and Lars Peter Østerdal
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M. Azhar Hussain: Department of Finance and Economics, University of Sharjah, UAE, and visiting professor at Department of So- cial Science and Business, Roskilde University, Denmark

No 10-2025, Working Papers from Copenhagen Business School, Department of Economics

Abstract: We develop a model for comparing welfare across populations, where individual well-being is captured through multiple ordinal indicators. Within an axiomatic framework, we introduce a new measure of relative population welfare that is intuitive and respects the ordinal nature of the data. This measure also enables the computation of an overall inequality index. To demonstrate its application, we use the model to compare welfare across European countries and to analyze welfare and inequality trends in the Copenhagen metropolitan area.

Keywords: Multidimensional well-being; Welfare comparisons; Inequality measurement (search for similar items in EconPapers)
JEL-codes: D63 I00 P50 R10 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2025-06-26
New Economics Papers: this item is included in nep-eur
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