scholarly journals Economic Welfare Measurements and Human Well-being

2006 ◽  
Author(s):  
Avner Offer
Keyword(s):  
Social Welfare ◽  
Social Norms ◽  
Social Indicators ◽  
Well Being ◽  
Economic Welfare ◽  
National Accounts ◽  
Goods And Services ◽  
The Third ◽  
Psychological Indicators ◽  
Hedonic Experience

This chapter focuses on alternative ways of measuring social welfare. These alternative measurements follow three approaches. The first involves extending the national accounts to incorporate non-market goods and services and to eliminate detrimental components. A second approach identifies social norms and evaluates their satisfaction through social indicators. The third approach involves the use of psychological indicators and attempts to reach directly into the experience of welfare using surveys of subjected well-being and research on the dynamics of hedonic experience.

SOCIAL AND ECONOMIC WELFARE AND THE LEVEL OF LIFE SATISFACTION ON THE EXAMPLE OF SELECTED COUNTRIES

2021 ◽  
Vol 1 (1) ◽  
pp. 19-30
Author(s):  
Ewa Polak
Keyword(s):  
Life Satisfaction ◽  
Social Indicators ◽  
Life Quality ◽  
Well Being ◽  
Social Conditions ◽  
Economic Welfare ◽  
Quality Life ◽  
Methods Of Measurement ◽  
Economic Well Being

The article presents problems related to life quality, life satisfaction and sense of happiness, their determinants, methods of measurement and dependence on the level of wealth and other conditions. Life quality is an abstract blurred term which depends on numerous factors. There is not any single, comprehensive definition, measure or cause of such phenomena as life quality, economic well-being or sense of happiness. Their evaluation depends on economic, political, cultural and social conditions and also on individual features, expectations and attitudes. More and more often, next to hard economic coefficients, social indicators are applied, and synthetic measures of the level of life quality or social and economic well-being are developed. The level of social development is strongly affected by the quality of human capital. The article presents an attempt at matching parameters and indicators which characterise various aspects of life quality and applying them for the development of synthetic measures of life quality in its different aspects. It is also aimed at comparing them with the current results obtained by research studies in this field. The aim of the article is to provide an assessment of diversification in the levels of living conditions observed in some selected countries – its size, specificity and cause-effect relations with the use of the listed parameters and measures. The research on life quality should be applied to the assessment of the efficiency of social and economic policy which has been currently implemented.

scholarly journals Measuring Economic Welfare

Policy Papers ◽  
2020 ◽  
Vol 20 (028) ◽  
Author(s):  
Marshall Reinsdorf
Keyword(s):  
Economic Performance ◽  
Well Being ◽  
Welfare Effects ◽  
Economic Welfare ◽  
National Accounts ◽  
System Of National Accounts ◽  
Online Platforms ◽  
Price Indexes ◽  
Data Gaps

Calls for a more people-focused approach to statistics on economic performance, and concerns about inequality, environmental impacts, and effects of digitalization have put welfare at the top of the measurement agenda. This paper argues that economic welfare is a narrower concept than well-being. The new focus implies a need to prioritize filling data gaps involving the economic welfare indicators of the System of National Accounts 2008 (SNA) and improving their quality, including the quality of the consumption price indexes. Development of distributional indicators of income, consumption, and wealth should also be a priority. Definitions and assumptions can have big effects on these indicators and should be documented. Concerns have also arisen over potentially overlooked welfare growth from the emergence of the digital economy. However, the concern that free online platforms are missing from nominal GDP is incorrect. Also, many of the welfare effects of digitalization require complementary indicators, either because they are conceptually outside the boundary of GDP or impossible to quantify without making uncertain assumptions.

GDP

2016 ◽  
Author(s):  
Paul Schreyer
Keyword(s):  
Social Welfare ◽  
Economic Activity ◽  
Well Being ◽  
Household Consumption ◽  
National Accounts ◽  
Price Indices ◽  
Real Gdp

GDP is first and foremost a measure of economic activity and production, and distinct from a measure of welfare, even when narrowly defined as material well-being. Despite this difference, GDP and welfare are not unrelated concepts. Links include the scope of final products that enter GDP and the welfare basis of price indices that are used to compute real GDP. Further, the national accounts systematically link GDP with household consumption and income, the key determinants of average material well-being. Last, in measures of intertemporal social welfare, GDP appears through the need to account for future changes in productivity. This chapter also describes efforts to adjust GDP to gauge welfare more directly but concludes that they have not gained traction because there is no well-articulated theory that would indicate the scope and nature of the required adjustments and because GDP is tremendously useful as a measure of production that needs complementing but not substituting.

Beyond GDP: The Quest for a Measure of Social Welfare. Part I

2012 ◽  
pp. 67-93 ◽  
Author(s):  
M. Fleurbaey
Keyword(s):  
Economic Theory ◽  
Social Welfare ◽  
Well Being ◽  
National Product ◽  
Future Generations ◽  
Modern Economic ◽  
Aggregate Wealth ◽  
Net National Product ◽  
Sustainability Policy ◽  
Beyond Gdp

The first part of the paper is devoted to the monetary indicators of social welfare. It is shown which methods of quantitative estimating the aggregate wealth and well-being are available in the modern economic theory apart from the traditional GDP measure. The limitations of the methods are also discussed. The author shows which measures of welfare are adequate in the dynamic context: he considers the problems of intertemporal welfare analysis using the Net National Product (NNP) for the sustainability policy and in the context of concern for well-being of the future generations.

Beyond GDP: The Quest for a Measure of Social Welfare. Part II

2012 ◽  
pp. 32-51 ◽  
Author(s):  
M. Fleurbaey
Keyword(s):  
Social Welfare ◽  
Social Relations ◽  
Well Being ◽  
Welfare Economics ◽  
Subjective Well Being ◽  
Alternative Approaches ◽  
Micro Level ◽  
Beyond Gdp

The second part of the paper is devoted to the non-monetary indicators of social welfare. Various approaches to the study of subjective well-being and happiness are described. The author shows what problems a researcher would encounter trying to analyze welfare on the micro-level and to take account of the cognitive and affective aspects of the individuals assessment of their well-being, as well as the relevance of social relations. The author also shows to what extent the alternative approaches, particularly the analysis of functionings and capabilities advanced by A. Sen are compatible to the modern welfare economics and what prospects the latter has.

Urban and rural millennials: Heterogeneity of the young adult generation

2019 ◽  
pp. 5-28
Author(s):  
Vadim V. Radaev
Keyword(s):  
Coming Out ◽  
Generational Differences ◽  
Cohort Analysis ◽  
Social Indicators ◽  
Well Being ◽  
Generational Cohort ◽  
Rural Infrastructure ◽  
Sociological Approach ◽  
Monitoring Survey

A sociological approach towards the generational cohort analysis is developed. A special emphasis is made upon the youngest adult generation of millennials coming out of their adolescence in the 2000s. A broad range of social indicators is used for empirical exploration of intra-generational differences between urban and rural millennials. Data were collected from the annual Russian Longitudinal Monitoring Survey (RLMS-HSE) in 2003—2016. Numerous significant differences have been revealed with regard to the educational level, family planning, use of modern gadgets and digital technologies, commitment to healthy lifestyles, and some values. Some practices are more widely spread among rural millennials, whereas other practices are more characteristic of urban millennials. Most of revealed differences are explained by the lower level of material well-being of rural millennials and lower quality of rural infrastructure.

Africa - Israel - Africa Return-migration experiences of African labour migrants

2013 ◽  
Vol 10 (1) ◽  
pp. 57-70 ◽  
Author(s):  
Galia Sabar
Keyword(s):  
Qualitative Research ◽  
Social Norms ◽  
Return Migration ◽  
Personal Responsibility ◽  
Well Being ◽  
Material Goods ◽  
Economic Assets ◽  
Migration Experiences ◽  
Return Process

This paper analyses homecoming experiences of African labour migrants who lived in Israel and returned home. Using qualitative research methodologies, I discerned what factors - material and non-material - determine the relative success of the return process. Focusing on these factors’ effects, I offer a new understanding of labour migrants’ homecoming experiences: those who are “content,” “readjusting,” or “lost. Following Ulrich Beck's (2006) analysis of cosmopolitanism, I suggest that these categories portray significant new life spaces that are neither what they left nor what they came from, and are dynamic, fragile, and constantly changing. In some cases the influence of economic assets on the returned migrants’ homecoming experience was indeed crucial, in many other cases the challenges of reconnecting oneself with home, family, and existing social norms and customs was much more influential on their homecoming experience including on their sense of well-being. Furthermore, some of the non-material goods such as individualization, personal responsibility, and long-term planning proved useful, others such as trust, particularly in relation to family, were detrimental.

THE FACTORS OF CAREER SELF-DETERMINATION OF STUDENTS OF HIGHER EDUCATION INSTITUTIONS

2019 ◽  
Vol 7 (1) ◽  
pp. 9-20
Author(s):  
Inna Yeung
Keyword(s):  
Higher Education ◽  
Higher Education Institutions ◽  
Well Being ◽  
Young Person ◽  
Self Determination ◽  
Full Time ◽  
Actual Problem ◽  
The Third ◽  
The Right

Choice of profession is a social phenomenon that every person has to face in life. Numerous studies convince us that not only the well-being of a person depends on the chosen work, but also his attitude to himself and life in general, therefore, the right and timely professional choice is very important. Research about factors of career self-determination of students of higher education institutions in Ukraine shows that self-determination is an important factor in the socialization of young person, and the factors that determine students' career choices become an actual problem of nowadays. The present study involved full-time and part-time students of Institute of Philology and Mass Communications of Open International University of Human Development "Ukraine" in order to examine the factors of career self-determination of students of higher education institutions (N=189). Diagnostic factors of career self-determination of students studying in the third and fourth year were carried out using the author's questionnaire. Processing of obtained data was carried out using the Excel 2010 program; factorial and comparative analysis were applied. Results of the study showed that initial stage of career self-determination falls down on the third and fourth studying year at the university, when an image of future career and career orientations begin to form. At the same time, the content of career self-determination in this period is contradictory and uncertain, therefore, the implementation of pedagogical support of this process among students is effective.

Living on a low income as a systemic impediment to socio-economic development of Ukraine

2020 ◽  
pp. 99-109
Author(s):  
NATALIIA TOLSTYKH
Keyword(s):  
Economic Development ◽  
Social Welfare ◽  
Low Income ◽  
Labour Force ◽  
Well Being ◽  
Social Consequences ◽  
Human Potential ◽  
Subsistence Level ◽  
Socio Economic Development ◽  
The Government

The article sheds light on various approaches that seek to determine how widespread poverty and life on a low income are in Ukraine nowadays. As a social phenomenon, poverty has traditionally been associated with destitution and living below the subsistence level set by the government. However, the author holds the view that life on a low income not only means living near or below the poverty line. There is another part of Ukraine’s population that should also be considered needy — those whose income is less than twice as the subsistence level, and most of them are also subject to socio-economic deprivation. Drawing upon the findings of a social survey conducted by the Institute of Sociology of the NAS of Ukraine in 2019, the paper analyses the standard of living among different income groups. Particular attention is given to consumption patterns and social well-being of respondents in the lower income brackets. From the data, it can be inferred that living conditions of many Ukrainians are inadequate to sustain and develop human potential; furthermore, the low-income households have literally to struggle every day to make ends meet. The author brings into focus the main macroeconomic factors contributing to this situation and its adverse effect on the nation’s social potential. Some of the most common social consequences of living on a low income have been identified, such as limited consumption, a person’s dissatisfaction with life and his/her position in society. The above-mentioned survey also provides the estimates of how much the current subsistence level (with regard to Ukraine) should be. Having been made by different socio-demographic and occupational groups of Ukraine’s population, these estimates are a useful source of information — given that subsistence level is considered the basic social standard. According to the survey, all these figures are at variance with the official subsistence level, which is noticeably lower, and this indicates that the current subsistence level needs an upward revision. Today, the overall socio-economic situation in Ukraine is unfavourable for neoliberal economic reforms initiated by the government. Since these policies are primarily designed to reduce the role of state in managing the economy and implementing social welfare programmes, following this path will inevitably result in the entrenchment of mass poverty and in a major loss of Ukraine’s human potential, as well as labour force. The author argues that tackling the country’s chronic low income problem is only possible if a new strategy for socio-economic development is adopted, where social welfare is prioritised.

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