Developments in the Measurement of Subjective Well-Being
Author(s): Kahneman, Daniel; Krueger, Alan B.
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Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kahneman, Daniel | - |
dc.contributor.author | Krueger, Alan B. | - |
dc.date.accessioned | 2019-12-19T18:54:16Z | - |
dc.date.available | 2019-12-19T18:54:16Z | - |
dc.date.issued | 2006-02 | en_US |
dc.identifier.citation | Kahneman, Daniel, Krueger, Alan B. (2006). Developments in the Measurement of Subjective Well-Being. Journal of Economic Perspectives, 20 (1), 3 - 24. doi:10.1257/089533006776526030 | en_US |
dc.identifier.issn | 0895-3309 | - |
dc.identifier.uri | http://arks.princeton.edu/ark:/88435/pr12n11 | - |
dc.description.abstract | Direct reports of subjective well-being may have a useful role in the measurement of consumer preferences and social welfare, if they can be done in a credible way. Can well-being be measured by a subjective survey, even approximately? In this paper, we discuss research on how individuals' responses to subjective well-being questions vary with their circumstances and other factors. We will argue that it is fruitful to distinguish among different conceptions of utility rather than presume to measure a single, unifying concept that motivates all human choices and registers all relevant feelings and experiences. While various measures of well-being are useful for some purposes, it is important to recognize that subjective well-being measures features of individuals' perceptions of their experiences, not their utility as economists typically conceive of it. Those perceptions are a more accurate gauge of actual feelings if they are reported closer to the time of, and in direct reference to, the actual experience. We conclude by proposing the U- index, a misery index of sorts, which measures the proportion of time that people spend in an unpleasant state, and has the virtue of not requiring a cardinal conception of individuals' feelings. | en_US |
dc.format.extent | 3 - 24 | en_US |
dc.language.iso | en_US | en_US |
dc.relation.ispartof | Journal of Economic Perspectives | en_US |
dc.rights | Final published version. Article is made available in OAR by the publisher's permission or policy. | en_US |
dc.title | Developments in the Measurement of Subjective Well-Being | en_US |
dc.type | Journal Article | en_US |
dc.identifier.doi | doi:10.1257/089533006776526030 | - |
pu.type.symplectic | http://www.symplectic.co.uk/publications/atom-terms/1.0/journal-article | en_US |
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