Subjective Well-Being Approach to the Valuation of International Development: Evidence for the Millennium Development Goals

Edsel Beja ()

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2013, vol. 111, issue 1, 159 pages

Abstract: The subjective well-being approach to the valuation of international development is applied to the Millennium Development Goals (MDGs). Results indicate that the rich countries have particular preference for education, healthcare, and housing; they are willing to accept compensation for a failure to meet the three targets by 2015. The poor countries view all the MDGs as important; they are willing accept compensation for a failure to achieve all the targets by 2015. Results also indicate that what the poor countries are willing to accept in terms of compensation matches the amount that would have been the pledge of 0.7% proportion of incomes of the rich countries for international aid. These findings imply that the MDGs can be accomplished at an affordable cost. Copyright Springer Science+Business Media B.V. 2013

Keywords: Subjective well-being; Millennium development goals; Valuation (search for similar items in EconPapers)
Date: 2013
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Working Paper: Subjective Well-Being Approach to the Valuation of International Development: Evidence for the Millennium Development Goals (2011)
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DOI: 10.1007/s11205-011-9987-2

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