NDLI: The Construction of a Synthetic Index Comparing Multidimensional Well-Being in the European Union

Content Provider	Springer Nature Link
Author	Ivaldi, Enrico Bonatti, Guido Soliani, Riccardo
Copyright Year	2014
Abstract	For many years, the quantification and measurement of level of well-being in a society has become an object of study by researchers, economists, international organizations and institutions. The purpose of these researches and applications is mainly the collection of data as accurate and complete as possible, dictating the paths of economic and social development policies, in order to help the economic problem of allocating scarce resources within a community, where not all individual needs can be fully met. The present work is intended as a part of that field. It will undertake the construction of a composite index of multidimensional well-being, through an aggregation of data, able to balance the trade-off between immediacy and completeness of information and to trespass the limits that characterize the commonly used income related measures. The method of factor analysis, which aims at detecting a statistically sufficient number of variables, is used to represent most of the explained variance of the phenomenon. Results are tested with different aggregative processes. This analysis is applied to the reality of the European Union, characterized by deep transformation and cultural, economic and social inequalities.
Starting Page	397
Ending Page	430
Page Count	34
File Format	PDF
ISSN	03038300
Journal	Social Indicators Research
Volume Number	125
Issue Number	2
e-ISSN	15730921
Language	English
Publisher	Springer Netherlands
Publisher Date	2015-01-01
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Multidimensional well-being Composite index Factorial analysis MPI European Union Sociology Quality of Life Research Microeconomics Public Health Human Geography
Content Type	Text
Resource Type	Article
Subject	Sociology and Political Science Arts and Humanities Developmental and Educational Psychology

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