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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, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 20 September 2019

National Time Accounting

National Time Accounting

The Currency of Life

Chapter:
(p.9) 1 National Time Accounting
Source:
Measuring the Subjective Well-Being of Nations
Author(s):
Alan B. Krueger, Daniel Kahneman, David Schkade, Norbert Schwarz, Arthur A. Stone
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226454573.003.0002

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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