Kaldaru, Helje; Kaasa, Anneli; Tamm, Katrin
January 2009
Discussions on Estonian Economic Policy;2009, Vol. 17, p61
Academic Journal
The aim of the present study is to elaborate generalized indicators describing objective and subjective aspects of welfare and analyze the relationships between them based on the sample of European countries. While applying the quality of life approach we differentiate economic, human capital, social capital and emotional aspects of welfare. With help of confirmatory factor analysis generalized objective level of living and subjective well-being indicators to measure all mentioned aspects will be composed. Our results show that in countries with objectively lower positions the subjective assessments on welfare tend to be higher. Although an ideal situation could be imagined where objective and subjective assessments were equal, there are deviations from the equilibrium to both directions.


Related Articles

  • CO-PRODUCTION IN A MÄ€ORI CONTEXT. McKenzie, Donna; Whiu, Te Atarangi; Matahaere-Atariki, Donna; Goldsmith, Keryn; Kōkiri, Te Puni // Social Policy Journal of New Zealand;May2008, Issue 33, p32 

    In June 2006 six iwi and Māori authorities were engaged by Te Puni Kōkiri to participate in a trial to develop an understanding of co-production (joint development of policy and service delivery to realise shared strategic outcomes) in a Māori context. Co-production reflects a new...

  • IDENTYFIKACJA OBSZARÓW PROBLEMOWYCH I WZROSTOWYCH W WOJEWÓDZTWIE DOLNOÅšLÄ„SKIM W ZAKRESIE KAPITAŁU LUDZKIEGO. Wilk, Justyna // Research Papers of the Wroclaw University of Economics / Prace N;2013, Issue 278, p225 

    The factor of intensifying social and economic development and also social well-being is human capital. The subject of this article is to identify strategic intervention areas in Dolnośląskie Voivodship as regards human capital determining potentials and barriers of its regional...

  • Community Wellbeing in an Unwell World: Trends, Challenges, and Possibilities. Wiseman, John; Brasher, Kathleen // Journal of Public Health Policy;2008, Vol. 29 Issue 3, p353 

    This essay explores the changing nature of the concept of community wellbeing and the richness of the concept for enhancing measurement of societal progress beyond the use of indicators focused more narrowly on economic growth. Beginning with the history of the concept of wellbeing in several...

  • Sustaining development through protecting 'critical capital'.  // Ecos;Feb2008, Issue 141, p15 

    The article states that achieving sustainable development requires understanding and identifying threats to sustainability and practical options for addressing the issue. It mentions that, measures to achieve sustainable development must focus on capital stocks that support and strengthen,...

  • Is Economic Growth Given Too High a Priority? Bates, Winton // Policy;Summer2004/2005, Vol. 20 Issue 4, p9 

    Argues whether people and governments give economic growth higher priority than it deserves in the light of its limited contribution to improving the well-being of the people. Priorities given by the people to economic growth; Question of the relevance of interpreting economic growth that has...

  • Policy: Time to legislate for the good life. Seaford, Charles // Nature;9/29/2011, Vol. 477 Issue 7366, p532 

    In this article the author discusses the interest of global governments in well-being and its subjective measurement. He says that bringing good lives can be made possible through economic growth. He emphasizes that though moderate economic growth is good for well-being, the disruption to lives...

  • TRUST AND ITS IMPACT ON THE ECONOMIC GROWTH. Popescu, Cristian C. // Scientific Annals of the 'Alexandru Ioan Cuza' University of Ias;2011, p449 

    The new models of development take into account the influence of social capital in inducing the economic growth. Assuming that trust is one of the main dimensions of the social capital, we demonstrate that it is able to reduce the transaction costs and to lay off large amounts that can be...

  • REGIONAL DEVELOPMENT IN ROMANIA: INSTITUTIONAL BASIS FOR EU COHESION POLICY. Benedek, József; Horváth, Réka // Regions: The Newsletter of the Regional Studies Association;Winter2009, Issue 276, p20 

    The article discusses the economic development in Romania which serves as the basis for the European cohesion policy. It says that European accession process is an important factor that leads to the development of Romania's regional policy. It adds that the national service reference framework...

  • Output effects of infrastructures in East and West German states. Uhde, Nicole // Intereconomics;Sep2010, Vol. 45 Issue 5, p322 

    With respect to the recently ratified economic stimulus package in Germany, it is fundamentally important to observe whether the expansion of physical infrastructure will further contribute to economic growth. This paper presents a way to address the problem of endogeneity using panel data on 16...


Other Topics