Prenzel, Paula V. (2013) When the Mix Matters: Complementarities in Multidimensional Well-Being. Master thesis.
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Abstract
In discussions of the concept of well-being as an alternative measure of development and welfare, it is considered a multidimensional notion. However, for simplicity, the dimensions of well-being are often modelled as substitutes. This research analyses the effects of relaxing the assumption of substitutability to account for possible complementarity. In particular, if well-being dimensions are complementary, a more balanced distribution across the dimensions is preferable to an unbalanced one. This claim is justified theoretically and tested using a panel dataset of 22 European countries. The results show that an unbalanced distribution of well-being is correlated with lower life satisfaction. The effect of accounting for complementarities in well-being comparisons is analysed using the OECD TL2 regions. This example illustrates that assuming either substitutability or complementarity profoundly affects the outcome of cross-sectional well-being analysis and should therefore be considered when aiming to use well-being to guide policy.
| Item Type: | Thesis (Master) |
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| Degree programme: | Spatial Sciences (Research) |
| Supervisor: | McCann, P. |
| Date Deposited: | 23 Apr 2020 05:26 |
| Last Modified: | 23 Apr 2020 05:26 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/1285 |
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