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Eliciting, Applying And Exploring Multidimensional Welfare Weights: Evidence From The Field
Author(s) -
Esposito Lucio,
ChiapperoMartinetti Enrica
Publication year - 2019
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/roiw.12407
Subject(s) - dimension (graph theory) , poverty , concordance , welfare , field (mathematics) , set (abstract data type) , econometrics , survey data collection , economics , positive economics , public economics , statistics , mathematics , economic growth , computer science , medicine , programming language , market economy , pure mathematics
By combining primary data on dimension importance collected in the field from three different samples and nationally representative survey data from the Dominican Republic, we offer a twofold contribution. The first one comes from an unincentivized questionnaire experiment, where the significance of the treatment effect shows that life domains are valued differently in a poverty vs a well‐being framework. This poses important questions on the anatomy of dimension importance and on the use of weights in empirical analyses, and opens the door to what we call a “concordance paradox” related to the very essence of the constructs of poverty and well‐being. As a second contribution, we employ the sets of weights collected in the field to assess the trend of multidimensional poverty and well‐being in the country. We find that the picking one set of weights or another is not a trivial choice, as they lead to opposite assessment results.