Instituto Valenciano de Investigaciones Económicas
Publications
Wellbeing opportunity

Wellbeing opportunity

Villar, A.
Year of publication: 2025
Keywords: subjective wellbeing; domination probability; ordinality; wellop function; wellbeing opportunity comparisons.
JEL Classification: I30, I31
DOI: https://doi.org/10.12842/WPIVIE_0425
Abstract
This paper presents an evaluation protocol for assessing the relative wellbeing of different population subgroups using subjective wellbeing (SWB) as primary data. The key element of our approach is the comparison of wellbeing distributions in terms of the probability of achieving better outcomes, which we interpret as a measure of wellbeing opportunity. We adopt an ordinal approach by treating SWB levels as ordered categories rather than magnitudes.