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Measuring the Subjective Well-Being of NationsNational Accounts of Time Use and Well-Being$
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Alan B. Krueger

Print publication date: 2009

Print ISBN-13: 9780226454566

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226454573.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 19 September 2021

National Time Accounting

National Time Accounting

The Currency of Life

(p.9) 1 National Time Accounting
Measuring the Subjective Well-Being of Nations
Alan B. Krueger, Daniel Kahneman, David Schkade, Norbert Schwarz, Arthur A. Stone
University of Chicago Press

This chapter describes how National Time Accounting (NTA) can be used to compare groups of individuals, countries, and eras. NTA provides a method for tracking time allocation and assessing whether people are experiencing their daily lives in more or less enjoyable ways. Tracking the U-index over time, either at the episode level or at the activity level provides a means for measuring whether daily life is becoming more or less pleasant, and of understanding why. At the individual level within a country, the demographic correlates of experienced well-being and life (or happiness) satisfaction mostly have the same sign. It is emphasized that subjective-well being is multidimensional, and proposed the U-index as a simple means to reflect the nonlinear relationship among emotions in a NTA framework. Existing time-use data sets provide several opportunities for additional applications of NTA.

Keywords:   National Time Accounting, NTA, time allocation, U-index, experienced well-being, time-use data, life, multidimensional, subjective-well being

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