Program > Papers by speaker > Reumont Louisa

Monday 12
B5 - Welfare, Well-being and Poverty
Chair: Steve Lehrer
› 13:40 - 14:05 (25min)
› Room 102 - J-M. Damase
Embedding Effects in the OECD Better Life Index
Louisa Reumont  1@  , Ronnie Schöb  1, 2, 3@  , Clemens Hetschko  3, 1@  
1 : Freie University Berlin  -  Website
Boltzmannstr. 20, 14195 Berlin, Allemagne -  Germany
2 : ifo Dresden  -  Website
3 : CESifo  (CESifo)  -  Website

The OECD's aim is to foster ‘better policies for better lives'. To this end, the organization invites people to evaluate a variety of quality of life indicators according to their individual preferences, using the web-based Better Life Index. These indicators are embedded in 11 broader dimensions of well-being. Our experiment shows that this procedure yields strong embedding effects. This finding casts serious doubts on the reliability of the Better Life Index as the procedure fails to elicit the citizens' true preferences. The results thus challenge the usefulness of the Better Life Index in providing meaningful policy recommendations.

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