European Business Schools Librarian's Group
Working Papers,
Copenhagen Business School, Department of Economics
No 10-2025: A New Approach to Multidimensional Ordinal Welfare Measurement: Country and Urban Level Evidence
M. Azhar Hussain (), Ismir Mulalic () and Lars Peter Østerdal ()
Additional contact information
M. Azhar Hussain: Department of Finance and Economics, University of Sharjah, UAE, and visiting professor at Department of So- cial Science and Business, Roskilde University, Denmark
Ismir Mulalic: Department of Economics, Copenhagen Business School, Postal: Copenhagen Business School, Department of Economics, Porcelaenshaven 16 A. 1. floor, DK-2000 Frederiksberg, Denmark
Lars Peter Østerdal: Department of Economics, Copenhagen Business School, Postal: Copenhagen Business School, Department of Economics, Porcelaenshaven 16 A. 1. floor, DK-2000 Frederiksberg, Denmark
Abstract: We develop a model for comparing welfare across populations, where individual well-being is captured through multiple ordinal indicators. Within an axiomatic framework, we introduce a new measure of relative population welfare that is intuitive and respects the ordinal nature of the data. This measure also enables the computation of an overall inequality index. To demonstrate its application, we use the model to compare welfare across European countries and to analyze welfare and inequality trends in the Copenhagen metropolitan area.
Keywords: Multidimensional well-being; Welfare comparisons; Inequality measurement
Language: English
39 pages, June 26, 2025
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