Embedding Effects in the OECD Better Life Index

Louisa von Reumont, Ronnie Schöb and Clemens Hetschko
Authors registered in the RePEc Author Service: Ronnie Schoeb

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: The OECD aims to foster ‘better policies for better lives'. To this end, the OECD invites people to evaluate quality-of-life indicators according to their individual preferences, using the web-based Better Life Index. These indicators are embedded in 11 broader well-being dimensions. Our experiment shows that this procedure yields strong embedding effects, casting serious doubts on the reliability of the Better Life Index as well as its usefulness in providing meaningful policy recommendations.

JEL-codes: B41 C42 I31 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168133

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