Measuring the Quality of Life Across Countries: a Sensitivity Analysis of Well-Being Indices
Ron Mittelhammer () and
Philip Wandschneider ()
No RP2005-06, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
This paper attempts to provide a comprehensive analysis of interrelationships among the determinants of the quality of life (QOL). We show that various measures of well-being are highly sensitive to domains of QOL that are considered in the construction of comparative indices, and how measurable well-being indicators are aggregated and weighted to arrive at composite measures of QOL.
Keywords: Equality and inequality; Public expenditures; Index numbers (Economics); Poverty; Welfare economics (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2005-06
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