A NON-COMPENSATORY COMPOSITE INDEX FOR MEASURING WELL-BEING OVER TIME
A NON-COMPENSATORY COMPOSITE INDEX FOR MEASURING WELL-BEING OVER TIME

Summary/Abstract: In the last decades, there has been a growing consensus among specialists and researcher that GDP per capita cannot alone explain the well-being in a geographical area. Several have been the attempts to construct alternative, non-monetary, indices of well-being by aggregating a set of individual indicators that represent different dimensions of well-being. The most famous, in Italy, are the Index of Regional Quality of Development and the “Il Sole 24 Ore” Quality of Life Index. An issue often not solved, from a methodological point of view, concerns the comparability of the data over time. In this work, we propose a variant of the Mazziotta-Pareto Index (MPI) which allows time comparisons of the level of well-being across geographical areas to be made.

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