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- handle: 10670/1.2lxvrf
- halshs: halshs-02187803
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well-being measurement equivalent income value of life I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I31 - General Welfare, Well-Being J - Labor and Demographic Economics/J.J1 - Demographic Economics/J.J1.J17 - Value of Life • Forgone IncomeSujets proches
Welfare (Personal well-being) WellbeingCiter ce document
Harun Onder et al., « Equivalent income versus equivalent lifetime: does the metric matter? », HAL-SHS : économie et finance, ID : 10670/1.2lxvrf
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Résumé
We examine the e¤ects of the postulated metric on the measurement of well-being, by comparing, in the (income, lifetime) space, two indexes: the equivalent income index and the equivalent lifetime index. Those in- dexes are shown to satisfy di¤erent properties concerning interpersonal well-being comparisons, which can lead to contradictory rankings. While those incompatibilities arise under distinct indi¤erence maps, we also ex- plore the e¤ects of the metric while relying on a unique indi¤erence map, and show that, even in that case, the postulated metric matters for the measurement of well-being. That point is illustrated by quantifying, by those two indexes, the (average) well-being loss due to the Syrian War. Relying on a particular metric leads, from a quantitative perspective, to di¤erent pictures of the deprivation due to the War.