Replication data for: Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference
Principal Investigator(s): View help for Principal Investigator(s) Daniel J. Benjamin; Ori Heffetz; Miles S. Kimball; Nichole Szembrot
Version: View help for Version V1
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Project Citation:
Benjamin, Daniel J., Heffetz, Ori, Kimball, Miles S., and Szembrot, Nichole. Replication data for: Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112852V1
Project Description
Summary:
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This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory in which utility depends on "fundamental aspects" of well-being, measurable with surveys. Second, drawing from psychologists, philosophers, and economists, we compile a comprehensive list of such aspects. Third, we demonstrate our proposed method for estimating the aspects' relative marginal utilities—a necessary input for constructing an individual-level well-being index—by asking ~4,600 U.S. survey respondents to state their preference between pairs of aspect bundles. We estimate high relative marginal utilities for aspects related to family, health, security, values, freedom, happiness, and life satisfaction.
Scope of Project
JEL Classification:
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C43 Index Numbers and Aggregation; Leading indicators
C83 Survey Methods; Sampling Methods
D12 Consumer Economics: Empirical Analysis
I31 General Welfare; Well-Being
C43 Index Numbers and Aggregation; Leading indicators
C83 Survey Methods; Sampling Methods
D12 Consumer Economics: Empirical Analysis
I31 General Welfare; Well-Being
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