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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
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UID:diw_01.c.1012413.en
LOCATION:Karl Popper Room,DIW Berlin,2.3.020,Anton-Wilhelm-Amo-Strasse 58,10117 Berlin
SUMMARY:An Economic Approach to Survey-Based Measurement of Well-Being
DESCRIPTION:08.09.: 10 am - 1 pm and 2-3:30 pm 

09.09.: 1 pm - 4 pm // How should economists measure people’s well-being? A comprehensive measure of well-being is essential for accurately estimating the effects of a policy or intervention, tracking social progress, and assessing inequality. Traditional measures, such as compensating variation in microeconomics and Gross Domestic Progress in macroeconomics, largely restrict attention to market goods. These measures thereby omit potentially important components of overall well-being, such as emotional life, people’s sense of purpose, the quality of their relationships, and environmental quality.  This course will introduce the frontier of economic research on measuring well-being using survey questions. The course may be useful for researchers who analyze large-scale surveys (such as the German Socioeconomic Panel), collect their own data via lab, field, or survey experiments, or are interested in exploring alternative macroeconomic indicators.  The course covers theory and empirical evidence. The first half of the course focuses on single-question measures of well-being, such as happiness and life satisfaction. Key questions include: What is captured by these measures? Do any of them correspond to an economic concept of utility? The second half of the course examines multi-question indexes, such as the OECD Well-being Data Monitor. For such indexes, key questions include: Is the set of questions sufficiently comprehensive to fully capture well-being? How should responses to the questions be combined into an index in a principled way? For both single- and multi-question measures, interpersonal comparability and intrapersonal comparability over time are central challenges.
DTSTART;VALUE=DATE:20260907T220000Z
DTEND;VALUE=DATE:20260909T220000Z
DTSTAMP:20260701T220000Z
URL:https://www.diw.de/en/diw_01.c.1012413.en/events/an_economic_approach_to_survey-based_measurement_of_well-being.html
ORGANIZER;CN=Ina Müller:mailto:imueller@diw.de
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