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dc.contributor.authorBargain, Olivieren_US
dc.contributor.authorDecoster, Andréen_US
dc.contributor.authorDolls, Mathiasen_US
dc.contributor.authorNeumann, Dirken_US
dc.contributor.authorPeichl, Andreasen_US
dc.contributor.authorSiegloch, Sebastianen_US
dc.date.accessioned2012-01-31en_US
dc.date.accessioned2012-10-15T14:13:16Z-
dc.date.available2012-10-15T14:13:16Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/64904-
dc.description.abstractFollowing the report of the Stiglitz Commission, measuring and comparing well-being across countries has gained renewed interest. Yet, analyses that go beyond income and incorporate non-market dimensions of welfare most often rely on the assumption of identical preferences to avoid the difficulties related to interpersonal comparisons. In this paper, we suggest an international comparison based on individual welfare rankings that fully retain preference heterogeneity. Focusing on the consumption-leisure trade-off, we estimate discrete choice labor supply models using harmonized microdata for 11 European countries and the US. We retrieve preference heterogeneity within and across countries and analyze several welfare criteria which take into account that differences in income are partly due to differences in tastes. The resulting welfare rankings clearly depend on the normative treatment of preference heterogeneity with alternative metrics. We show that these differences can indeed be explained by estimated preference heterogeneity across countries - rather than demographic composition.en_US
dc.language.isoengen_US
dc.publisherUniv. of Essex, Institute for Social and Economic Research Colchesteren_US
dc.relation.ispartofseriesEUROMOD Working Paper EM5/11en_US
dc.subject.jelC35en_US
dc.subject.jelD63en_US
dc.subject.jelH24en_US
dc.subject.jelH31en_US
dc.subject.jelJ22en_US
dc.subject.ddc330en_US
dc.subject.keywordwelfare measuresen_US
dc.subject.keywordpreference heterogeneityen_US
dc.subject.keywordlabor supplyen_US
dc.subject.keywordBeyond GDPen_US
dc.subject.stwWohlfahrtsanalyseen_US
dc.subject.stwSozialer Indikatoren_US
dc.subject.stwPräferenztheorieen_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwFreizeiten_US
dc.subject.stwKulturelle Identitäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwEuropaen_US
dc.subject.stwUSAen_US
dc.titleWelfare, labor supply and heterogeneous preferences: Evidence for Europe and the USen_US
dc.typeWorking Paperen_US
dc.identifier.ppn684423456en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:EUROMOD Working Paper Series, Institute for Social and Economic Research (ISER), University of Essex

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