Journal article
Measuring quality of life across countries: A multiple indicators and multiple causes approach
The Journal of socio-economics, Vol.40(1), pp.43-52
2011
Handle:
https://hdl.handle.net/2376/116892
Abstract
Life expectancy, literacy rates, per capita income, mortality and morbidity statistics have been widely employed in empirical analyses to construct various indices of quality of life (QOL). The reason why so many indices of well-being exist in the literature is partly explained by the fact that such indices are sensitive to domains of QOL that are included in the measurement and how they are aggregated to arrive at a composite index. In this paper we model the QOL across countries as an unobservable latent link variable between observable causes and observable effects, which reduces the problem of bias, inconsistency, and arbitrary weightings of explanatory factors. We estimate and compare the QOL indices for 43 countries for the year 1999, noting differences between countries and varying role of various determinants of the QOL.
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Details
- Title
- Measuring quality of life across countries: A multiple indicators and multiple causes approach
- Creators
- Tauhidur Rahman - Department of Agricultural and Resource Economics, The University of Arizona, United StatesRon C Mittelhammer - School of Economic Sciences, Washington State University, United StatesPhilip R Wandschneider - School of Economic Sciences, Washington State University, United States
- Publication Details
- The Journal of socio-economics, Vol.40(1), pp.43-52
- Academic Unit
- Economic Sciences, School of
- Publisher
- Elsevier Inc
- Identifiers
- 99900548066801842
- Language
- English
- Resource Type
- Journal article