Identifying Welfare Effects from Subjective Questions

The authors argue that the welfare inferences drawn from subjective answers to questions on qualitative surveys are clouded by concerns about the structure of measurement errors and how latent psychological factors influence observed respondent cha...

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Main Authors:	Ravallion, Martin, Lokshin, Michael
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AVERAGE GROWTH AVERAGE INCOME CAUSAL EFFECT DATA MODEL DATA SET DATA SETS DEFLATORS DEMOGRAPHIC EFFECTS DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DISTRIBUTION FUNCTION DISTRIBUTIONAL EFFECTS ECONOMETRIC MODEL ECONOMETRICS ECONOMIC CIRCUMSTANCES ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC SURVEYS ECONOMIC WELFARE ECONOMICS LITERATURE EXPENDITURES EXPLANATORY POWER EXPLANATORY VARIABLE EXPLANATORY VARIABLES FARMS GDP GDP PER CAPITA GNP GROUP MEANS GROWTH RATE GROWTH RATES HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD MEMBERS HOUSEHOLD SIZE HUMAN RESOURCE INCENTIVE EFFECTS INCOME INCOME COMPONENTS INCOME EFFECT INCOME GROWTH INCOME INEQUALITY INCOME MEASURES INCOME SOURCES INCOMES INDIVIDUAL INCOMES LEISURE MEAN INCOME MEASUREMENT ERROR MEASUREMENT ERRORS MEASURING INEQUALITY NEGATIVE COEFFICIENT NEGATIVE CORRELATION NEGATIVE EFFECT NEGLIGIBLE DIFFERENCE NORMAL DISTRIBUTION PER CAPITA INCOME POLICY DISCUSSIONS POLICY MAKING POLICY RESEARCH POOR POSITIVE CORRELATION POVERTY LINE POVERTY LINES POVERTY MEASURE POVERTY RATE PRIVATE TRANSFERS PUBLIC GOODS REAL INCOME REAL WAGES RELATIVE INCOME RELATIVE POSITION RISING INEQUALITY SAVINGS SIGNIFICANT EFFECT SIGNIFICANT NEGATIVE SOCIAL SECURITY SUBJECTIVE ASSESSMENTS SUBJECTIVE DATA UNEMPLOYMENT UTILITY FUNCTION WAGES
Online Access:	http://documents.worldbank.org/curated/en/2000/03/437971/identifying-welfare-effects-subjective-questions http://hdl.handle.net/10986/19849

id	okr-10986-19849
recordtype	oai_dc
spelling	okr-10986-198492021-04-23T14:03:47Z Identifying Welfare Effects from Subjective Questions Ravallion, Martin Lokshin, Michael AVERAGE GROWTH AVERAGE INCOME CAUSAL EFFECT DATA MODEL DATA SET DATA SETS DEFLATORS DEMOGRAPHIC EFFECTS DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DISTRIBUTION FUNCTION DISTRIBUTIONAL EFFECTS ECONOMETRIC MODEL ECONOMETRICS ECONOMIC CIRCUMSTANCES ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC SURVEYS ECONOMIC WELFARE ECONOMICS LITERATURE EXPENDITURES EXPLANATORY POWER EXPLANATORY VARIABLE EXPLANATORY VARIABLES FARMS GDP GDP PER CAPITA GNP GROUP MEANS GROWTH RATE GROWTH RATES HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD MEMBERS HOUSEHOLD SIZE HUMAN RESOURCE INCENTIVE EFFECTS INCOME INCOME COMPONENTS INCOME EFFECT INCOME GROWTH INCOME INEQUALITY INCOME MEASURES INCOME SOURCES INCOMES INDIVIDUAL INCOMES LEISURE MEAN INCOME MEASUREMENT ERROR MEASUREMENT ERRORS MEASURING INEQUALITY NEGATIVE COEFFICIENT NEGATIVE CORRELATION NEGATIVE EFFECT NEGLIGIBLE DIFFERENCE NORMAL DISTRIBUTION PER CAPITA INCOME POLICY DISCUSSIONS POLICY MAKING POLICY RESEARCH POOR POSITIVE CORRELATION POVERTY LINE POVERTY LINES POVERTY MEASURE POVERTY RATE PRIVATE TRANSFERS PUBLIC GOODS REAL INCOME REAL WAGES RELATIVE INCOME RELATIVE POSITION RISING INEQUALITY SAVINGS SIGNIFICANT EFFECT SIGNIFICANT NEGATIVE SOCIAL SECURITY SUBJECTIVE ASSESSMENTS SUBJECTIVE DATA UNEMPLOYMENT UTILITY FUNCTION WAGES The authors argue that the welfare inferences drawn from subjective answers to questions on qualitative surveys are clouded by concerns about the structure of measurement errors and how latent psychological factors influence observed respondent characteristics. They propose a panel data model to high-quality panel data for Russia for 1994-96, they find that some results widely reported in past studies of subjective well-being appear to be robust but others do not. Household income, for example, is a highly significant predictor of self-rated economic welfare; per capita income is a weaker predictor. Ill health and loss of a job reduce self-reported economic welfare; per capita income is a weaker predictor. Ill health and loss of a job reduce self-reported economic welfare, but demographic effects are weak at a given current income. And the effects of unemployment is not robust. Returning to work does not restore a sense of welfare unless there is an income gain. The results imply that even transient unemployment brings the feeling of a permanent welfare loss, suggesting that high unemployment benefits do not attract people out of work but do discourage a return to work. 2014-08-28T19:17:50Z 2014-08-28T19:17:50Z 2000-03 http://documents.worldbank.org/curated/en/2000/03/437971/identifying-welfare-effects-subjective-questions http://hdl.handle.net/10986/19849 English en_US Policy Research Working Paper;No. 2301 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Russian Federation
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AVERAGE GROWTH AVERAGE INCOME CAUSAL EFFECT DATA MODEL DATA SET DATA SETS DEFLATORS DEMOGRAPHIC EFFECTS DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DISTRIBUTION FUNCTION DISTRIBUTIONAL EFFECTS ECONOMETRIC MODEL ECONOMETRICS ECONOMIC CIRCUMSTANCES ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC SURVEYS ECONOMIC WELFARE ECONOMICS LITERATURE EXPENDITURES EXPLANATORY POWER EXPLANATORY VARIABLE EXPLANATORY VARIABLES FARMS GDP GDP PER CAPITA GNP GROUP MEANS GROWTH RATE GROWTH RATES HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD MEMBERS HOUSEHOLD SIZE HUMAN RESOURCE INCENTIVE EFFECTS INCOME INCOME COMPONENTS INCOME EFFECT INCOME GROWTH INCOME INEQUALITY INCOME MEASURES INCOME SOURCES INCOMES INDIVIDUAL INCOMES LEISURE MEAN INCOME MEASUREMENT ERROR MEASUREMENT ERRORS MEASURING INEQUALITY NEGATIVE COEFFICIENT NEGATIVE CORRELATION NEGATIVE EFFECT NEGLIGIBLE DIFFERENCE NORMAL DISTRIBUTION PER CAPITA INCOME POLICY DISCUSSIONS POLICY MAKING POLICY RESEARCH POOR POSITIVE CORRELATION POVERTY LINE POVERTY LINES POVERTY MEASURE POVERTY RATE PRIVATE TRANSFERS PUBLIC GOODS REAL INCOME REAL WAGES RELATIVE INCOME RELATIVE POSITION RISING INEQUALITY SAVINGS SIGNIFICANT EFFECT SIGNIFICANT NEGATIVE SOCIAL SECURITY SUBJECTIVE ASSESSMENTS SUBJECTIVE DATA UNEMPLOYMENT UTILITY FUNCTION WAGES
spellingShingle	AVERAGE GROWTH AVERAGE INCOME CAUSAL EFFECT DATA MODEL DATA SET DATA SETS DEFLATORS DEMOGRAPHIC EFFECTS DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DISTRIBUTION FUNCTION DISTRIBUTIONAL EFFECTS ECONOMETRIC MODEL ECONOMETRICS ECONOMIC CIRCUMSTANCES ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC SURVEYS ECONOMIC WELFARE ECONOMICS LITERATURE EXPENDITURES EXPLANATORY POWER EXPLANATORY VARIABLE EXPLANATORY VARIABLES FARMS GDP GDP PER CAPITA GNP GROUP MEANS GROWTH RATE GROWTH RATES HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD MEMBERS HOUSEHOLD SIZE HUMAN RESOURCE INCENTIVE EFFECTS INCOME INCOME COMPONENTS INCOME EFFECT INCOME GROWTH INCOME INEQUALITY INCOME MEASURES INCOME SOURCES INCOMES INDIVIDUAL INCOMES LEISURE MEAN INCOME MEASUREMENT ERROR MEASUREMENT ERRORS MEASURING INEQUALITY NEGATIVE COEFFICIENT NEGATIVE CORRELATION NEGATIVE EFFECT NEGLIGIBLE DIFFERENCE NORMAL DISTRIBUTION PER CAPITA INCOME POLICY DISCUSSIONS POLICY MAKING POLICY RESEARCH POOR POSITIVE CORRELATION POVERTY LINE POVERTY LINES POVERTY MEASURE POVERTY RATE PRIVATE TRANSFERS PUBLIC GOODS REAL INCOME REAL WAGES RELATIVE INCOME RELATIVE POSITION RISING INEQUALITY SAVINGS SIGNIFICANT EFFECT SIGNIFICANT NEGATIVE SOCIAL SECURITY SUBJECTIVE ASSESSMENTS SUBJECTIVE DATA UNEMPLOYMENT UTILITY FUNCTION WAGES Ravallion, Martin Lokshin, Michael Identifying Welfare Effects from Subjective Questions
geographic_facet	Russian Federation
relation	Policy Research Working Paper;No. 2301
description	The authors argue that the welfare inferences drawn from subjective answers to questions on qualitative surveys are clouded by concerns about the structure of measurement errors and how latent psychological factors influence observed respondent characteristics. They propose a panel data model to high-quality panel data for Russia for 1994-96, they find that some results widely reported in past studies of subjective well-being appear to be robust but others do not. Household income, for example, is a highly significant predictor of self-rated economic welfare; per capita income is a weaker predictor. Ill health and loss of a job reduce self-reported economic welfare; per capita income is a weaker predictor. Ill health and loss of a job reduce self-reported economic welfare, but demographic effects are weak at a given current income. And the effects of unemployment is not robust. Returning to work does not restore a sense of welfare unless there is an income gain. The results imply that even transient unemployment brings the feeling of a permanent welfare loss, suggesting that high unemployment benefits do not attract people out of work but do discourage a return to work.
format	Publications & Research :: Policy Research Working Paper
author	Ravallion, Martin Lokshin, Michael
author_facet	Ravallion, Martin Lokshin, Michael
author_sort	Ravallion, Martin
title	Identifying Welfare Effects from Subjective Questions
title_short	Identifying Welfare Effects from Subjective Questions
title_full	Identifying Welfare Effects from Subjective Questions
title_fullStr	Identifying Welfare Effects from Subjective Questions
title_full_unstemmed	Identifying Welfare Effects from Subjective Questions
title_sort	identifying welfare effects from subjective questions
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2000/03/437971/identifying-welfare-effects-subjective-questions http://hdl.handle.net/10986/19849
_version_	1764441673589325824

Identifying Welfare Effects from Subjective Questions

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