Measuring Well-Being Over Time: The Adjusted Mazziotta–Pareto Index Versus Other Non-compensatory Indices |
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Authors: | Matteo Mazziotta Adriano Pareto |
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Institution: | 1.Italian National Institute of Statistics,Rome,Italy |
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Abstract: | Most of the socio-economic phenomena such as development, well-being, and quality of life have a multidimensional nature and require the definition of a set of individual indicators to be properly assessed. Often, individual indicators are summarized and a composite index is created. One of the main problems in constructing composite indices is the choice of a method which allows time comparisons. In this paper, we consider the Adjusted Mazziotta–Pareto Index, a non-compensatory composite index used by the Italian National Institute of Statistics for measuring “Equitable and Sustainable Well-being” in Italy. An empirical comparison with some traditional non-compensatory indices is presented and an Influence Analysis is, for the first time, performed in order to assess the robustness of the index. |
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