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Happiness vs. welfare functions: an analysis for the elderly in Argentina

Author

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  • D'elia Vanesa Valeria
  • Karczmarczyk Matilde

Abstract

This study aims to measure the evolution of the aggregate well-being of elderly people in Argentina during 2003-2023 using the more traditional abbreviated social welfare functions and the more recent hedonometer tool. Results show that both indicators have similar patterns: welfare increases during 2003-2011 and has been falling ever since. However, the reasons of this behavior differs in each presidency term. Moreover, we show that the happiness of pensioners measured from public opinion positively correlates with the well-being measured through income and distribution indexes. This result is relevant for policy makers.

Suggested Citation

  • D'elia Vanesa Valeria & Karczmarczyk Matilde, 2023. "Happiness vs. welfare functions: an analysis for the elderly in Argentina," Asociación Argentina de Economía Política: Working Papers 4644, Asociación Argentina de Economía Política.
    • Handle: RePEc:aep:anales:4644
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    References listed on IDEAS

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    3. Fleurbaey, Marc & Blanchet, Didier, 2013. "Beyond GDP: Measuring Welfare and Assessing Sustainability," OUP Catalogue, Oxford University Press, number 9780199767199.
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    JEL classification:

    • D3 - Microeconomics - - Distribution

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