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Consumer Expenditure Surveys
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Consumption Symposium: Broadening Our Understanding of Household Consumption and Measurement, September 22-23, 2021

A Birdseye View of Well-being Exploring a Multidimensional Measure for the United Kingdom (PDF)

Fanni Kovesdi - University of Oxford - fanni.kovesdi@qeh.ox.ac.uk

This presentation demonstrates how a multidimensional well-being index complements rather than replicates an expanded consumption measure. We highlight how a counting based measure (the adjusted headcount ratio) is beneficial for measurement because like a consumption measure, it can be disaggregated by geographic, racial, or other categories, and, going one step further, can be broken down by indicators. We present possibly relevant indicators from the US Consumer Expenditure Surveys. We close by presenting the findings from a trial UK wellbeing index, comparing the results to monetary poverty and disaggregating the index by gender and ethnic groups to illustrate its complementary insights.

 

Last Modified Date: November 10, 2021