EconPapers    
Economics at your fingertips  
 

The Construction of a Synthetic Index Comparing Multidimensional Well-Being in the European Union

Enrico Ivaldi (), Guido Bonatti and Riccardo Soliani
Additional contact information
Guido Bonatti: University of Genova

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2016, vol. 125, issue 2, 397-430

Abstract: Abstract For many years, the quantification and measurement of level of well-being in a society has become an object of study by researchers, economists, international organizations and institutions. The purpose of these researches and applications is mainly the collection of data as accurate and complete as possible, dictating the paths of economic and social development policies, in order to help the economic problem of allocating scarce resources within a community, where not all individual needs can be fully met. The present work is intended as a part of that field. It will undertake the construction of a composite index of multidimensional well-being, through an aggregation of data, able to balance the trade-off between immediacy and completeness of information and to trespass the limits that characterize the commonly used income related measures. The method of factor analysis, which aims at detecting a statistically sufficient number of variables, is used to represent most of the explained variance of the phenomenon. Results are tested with different aggregative processes. This analysis is applied to the reality of the European Union, characterized by deep transformation and cultural, economic and social inequalities.

Keywords: Multidimensional well-being; Composite index; Factorial analysis; MPI; European Union (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11205-014-0855-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Journal Article: The Construction of a Synthetic Index Comparing Multidimensional Well-Being in the European Union (2016) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:soinre:v:125:y:2016:i:2:d:10.1007_s11205-014-0855-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

Access Statistics for this article

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement is currently edited by Filomena Maggino

More articles in Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement from Springer
Series data maintained by Sonal Shukla ().

 
Page updated 2017-10-06
Handle: RePEc:spr:soinre:v:125:y:2016:i:2:d:10.1007_s11205-014-0855-8