Chapter

Rejoinder

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/9780226454573.003.0010
Rejoinder

More Like This

Show all results sharing this subject:

  • Econometrics and Mathematical Economics

GO

Show Summary Details

Preview

This chapter explains several valid points about the strengths and weaknesses of the proposed method for National Time Accounting (NTA), particularly regarding the idea of measuring subjective well-being by the fraction of time people spend in an unpleasant emotional state. The assumptions underlying the proposal for NTA seem to strike a reasonable balance between measurement requirements and practicality. The U-index and related indicators can provide a useful indicator of situations that are associated with unpleasant emotional experiences and of groups that are more likely to endure emotionally unpleasant experiences. It is hoped that NTA can provide a means for tracking whether societies are spending their time in more or less enjoyable ways, which can be an input along with others to derive a picture of the progress of society.

Keywords: National Time Accounting; NTA; subjective well-being; U-index; emotional experiences; emotional state; practicality

Chapter.  4221 words. 

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.