Chapter

National Time Accounting

Edited by Alan B. Krueger, Daniel Kahneman, David Schkade, Norbert Schwarz and Arthur A. Stone

in Measuring the Subjective Well-Being of Nations

Published by University of Chicago Press

Published in print December 2009 | ISBN: 9780226454566
Published online February 2013 | e-ISBN: 9780226454573 | DOI: http://dx.doi.org/10.7208/chicago/9780226454573.003.0002
National Time Accounting

More Like This

Show all results sharing this subject:

  • Econometrics and Mathematical Economics

GO

Show Summary Details

Preview

This chapter describes how National Time Accounting (NTA) can be used to compare groups of individuals, countries, and eras. NTA provides a method for tracking time allocation and assessing whether people are experiencing their daily lives in more or less enjoyable ways. Tracking the U-index over time, either at the episode level or at the activity level provides a means for measuring whether daily life is becoming more or less pleasant, and of understanding why. At the individual level within a country, the demographic correlates of experienced well-being and life (or happiness) satisfaction mostly have the same sign. It is emphasized that subjective-well being is multidimensional, and proposed the U-index as a simple means to reflect the nonlinear relationship among emotions in a NTA framework. Existing time-use data sets provide several opportunities for additional applications of NTA.

Keywords: National Time Accounting; NTA; time allocation; U-index; experienced well-being; time-use data; life; multidimensional; subjective-well being

Chapter.  32078 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.