A Perceived Human Development Index

This paper builds a Perceived Human Development Index (PHDI) by assembling HDI components, namely indicators on income, health and education on a subjective version using the Gallup World Poll microdata. We study how perceptions on individual’s satisfaction are related to their objective counterpart...

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Bibliographic Details
Published inHandbook of Happiness Research in Latin America pp. 557 - 577
Main Author Neri, Marcelo
Format Book Chapter
LanguageEnglish
Published Dordrecht Springer Netherlands 2016
SeriesInternational Handbooks of Quality-of-Life
Subjects
Education
Health
Human development index
Income
Life satisfaction
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Summary:This paper builds a Perceived Human Development Index (PHDI) by assembling HDI components, namely indicators on income, health and education on a subjective version using the Gallup World Poll microdata. We study how perceptions on individual’s satisfaction are related to their objective counterparts. We also emphasize impacts of income and age providing insights about the transmission mechanism of key social policy ingredients into perceptions. The so-called PHDI provides a complementary subjective reference to the HDI. Finally, we study the relative importance given to income vis-à-vis health and education using life satisfaction. This helps to reveal HDI components “true” relative weights.
Bibliography:Study financed and carried out in the framework of the Latin American and Caribbean Research Network of the Inter-American Development Bank that also provided access to the Gallup World Poll used here. I would like to thank the excellent support provided by Luisa Carvalhaes, Samanta Reis, Carol Bastos, Gabriel Buchmann, Ana Andari, Rodrigo Ramiro and Tiago Bonomo. I would also like to thank the comments provided by Jere Behrman, Carol Graham, Leonardo Gasparini, Ravi Kambur, Eduardo Lora and Mariano Rojas. The usual disclaimer applies.
ISBN:9401772029
9789401772020
DOI:10.1007/978-94-017-7203-7_31