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

Edsel L. Beja

MPRA Paper from University Library of Munich, Germany

Abstract: The subjective well-being approach to the valuation of international development is applied to the Millennium Development Goals (MDGs). The rich countries have particular preferences for education, healthcare, and housing; they need compensation for failure to meet the targets by 2015. The poor countries view all the targets as important; they can accept compensation for failure to achieve the targets by 2015, with amounts equivalent to what would have been 0.7% proportion of the incomes of the rich countries for international aid. The MDGs are affordable and doable, yet the rich countries are foot-dragging in fulfilling their pledges for international aid.

Keywords: Subjective well-being; happiness research; Millennium Development Goals; valuation (search for similar items in EconPapers)
JEL-codes: D60 I30 I31 O10 (search for similar items in EconPapers)
Date: 2011-01-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Subjective Well-Being Approach to the Valuation of International Development: Evidence for the Millennium Development Goals (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27865

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