Copula-based measurement of dependence between dimensions of well-being

C-Tier
Journal: Oxford Economic Papers
Year: 2014
Volume: 66
Issue: 3
Pages: 681-701

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Most multidimensional measures of social welfare first aggregate the outcomes across the individuals dimension by dimension and then, in the second step, aggregate the resulting summary statistics across the dimensions. This approach is blind to the dependence between dimensions of well-being, that is, the extent to which the positions of the individuals in the different dimensions of well-being are aligned. To quantify what lies behind this blind spot, this article introduces a copula-based incomplete ordering of dependence and two classes of consistent dependence measures. The importance of allowing for dependence in rankings of social welfare is illustrated with a Russian data set between 1995 and 2005.

Technical Details

RePEc Handle
repec:oup:oxecpp:v:66:y:2014:i:3:p:681-701
Journal Field
General
Author Count
1
Added to Database
2026-01-25