Measuring inequality of subjective well-being: A Bayesian approach
抄録
This article proposes a new measure for inequality of subjective well-being and shows the empirical results using a Bayesian ordered probit model. We introduce a new concept called \regret" as a measure for inequality of subjective well-being. Regret is the probability with which a respondent who chooses an option in a multiple-choice question pertaining to subjective well-being does not choose any other option indicative of better well-being. Regret is estimated in connection with demographic factors using the Markov chain Monte Carlo (MCMC) method and data of the World Values Survey. Furthermore, the relationships between regret and GDP per capita and the changes therein are shown to investigate those between inequality of subjective well-being and economic conditions.
収録刊行物
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- Journal of Socio-Economics
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Journal of Socio-Economics 40 (5), 700-708, 2011-10
Elsevier Inc.
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詳細情報 詳細情報について
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- CRID
- 1050282813986123136
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- NII論文ID
- 120003370681
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- HANDLE
- 2115/47241
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- ISSN
- 10535357
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- 本文言語コード
- en
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- 資料種別
- journal article
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- データソース種別
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