EconPapers    
Economics at your fingertips  
 

Copula-based Measurement of Dependence Between Dimensions of Well-being

Koen Decancq ()

Health, Econometrics and Data Group (HEDG) Working Papers from HEDG, c/o Department of Economics, University of York

Abstract: Well-being consists of many dimensions such as income, health and education. A society exhibits greater dependence between its dimensions of well-being when the positions of the individuals in the different dimensions are more aligned or correlated. Differences in dependence may lead to very different societies, even when the dimension-wise distributions are identical. I propose to use a copula-based frame-work to order societies with respect to their dependence. A class of measures of dependence is derived to which the multidimensional rank correlation coefficient be- longs. I illustrate the usefulness of the approach by showing that Russian dependence between three dimensions of well-being has increased significantly between 1995 and 2003. Unfortunately, the aspect of dependence is missed by all composite well-being measures based on dimension-specific summary statistics such as the popular Human Development Index (HDI)

Date: 2009-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://www.york.ac.uk/media/economics/documents/herc/wp/09_32.pdf Main text (application/pdf)

Related works:
Journal Article: Copula-based measurement of dependence between dimensions of well-being (2014) Downloads
Working Paper: Copula-based measurement of dependence between dimensions of well-being (2014)
Working Paper: Copula-based measurement of dependence between dimensions of well-being (2009) 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:yor:hectdg:09/32

Access Statistics for this paper

More papers in Health, Econometrics and Data Group (HEDG) Working Papers from HEDG, c/o Department of Economics, University of York HEDG/HERC, Department of Economics and Related Studies, University of York, York, YO10 5DD, United Kingdom. Contact information at EDIRC.
Bibliographic data for series maintained by Jane Rawlings ().

 
Page updated 2019-10-21
Handle: RePEc:yor:hectdg:09/32