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Anand, Paul; Krishnakumar, Jaya and Tran, Ngoc Bich
(2011).
DOI: https://doi.org/10.1016/j.jpubeco.2010.11.007
Abstract
The paper contributes to the operationalisation of the capabilities approach to welfare economics by developing and analyzing data on the freedoms of adults in Argentina. Specifically, it reports on the development and delivery of a survey instrument for measuring capabilities, calculates for each respondent a Nehring–Puppe type index of capabilities and examines the distribution of index scores. The main analytic part of the paper then goes on to develop a generalized linear latent and mixed model (GLLAMM) for assessing the impact of capabilities on life satisfaction, in which allowance is made for (i) unobserved heterogeneity and (ii) possible endogeneity, by introducing latent individual effects and by instrumenting capability variables using income and other socio-economic variables. Our empirical results show that empathy, self-worth, goal-autonomy, discrimination, safety and stress are statistically significant determinants of life satisfaction, in a decreasing order of importance. The paper concludes by suggesting that, if replicated, the findings have profound implications for the conceptualisation and evaluation of economic progress.
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About
- Item ORO ID
- 29183
- Item Type
- Journal Item
- ISSN
- 0047-2727
- Project Funding Details
-
Funded Project Name Project ID Funding Body Not Set Not Set AHRB - Keywords
- capabilities; freedoms; GLLAMM; happiness; instrumental variables; multi-dimensionality; unobserved heterogeneity
- Academic Unit or School
-
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Economics
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS) - Research Group
- Innovation, Knowledge & Development research centre (IKD)
- Copyright Holders
- © 2010 Elsevier B.V.
- Depositing User
- Paul Anand