arXiv subjects

Francesco Sarracino

Publications and source records attributed to Francesco Sarracino.

7 recordsLinked to original sources

arXiv2026

A Comparative Review of Methods to Create a Composite Index for Sustainable and Inclusive Wellbeing

Societal goals need to shift from over-reliance on gross domestic product (GDP) to broader aspects of sustainable and inclusive wellbeing (SIW). However, defining SIW and eventually measuring it with a single number is problematic because it involves many subjective and objective contributors that combine in complex, non-linear ways. Conventional approaches either use linear weighted averages or reduce SIW to subjective wellbeing alone. Neither is sufficient. This paper reviews aggregation methods for SIW against nine conditions derived from needs theory and strong sustainability: limited substitutability, penalisation of imbalances, non-linear transformations, respect for environmental ceilings, respect for lower limits, a formative measurement model, no correlation requirement, distributional sensitivity, cross-border spillovers, and intertemporal aggregation. We compare 13 methods, from simple arithmetic means to penalty-based indices, outranking multicriteria, data envelopment analysis, and insights from ecology, neuroscience, and machine learning. Our illustrative example shows that aggregation choices change significantly country rankings. Compensatory methods create similar rankings. No single method satisfies all nine conditions. We conclude that a future SIW composite indicator will require combining methods across levels: non-linear normalisation, non-compensatory aggregation, and measurement-level choices for inclusiveness and spillovers. This paper provides a step towards the headline aggregated indicator advocated by the UN High-Level Expert Group on Beyond GDP.

econ.GN↗

arXiv2021

Neo-humanism and COVID-19: Opportunities for a socially and environmentally sustainable world

A series of crises, culminating with COVID-19, shows that going Beyond GDP is urgently necessary. Social and environmental degradation are consequences of emphasizing GDP as a measure of progress. This degradation created the conditions for the COVID-19 pandemic and limited the efficacy of counter-measures. Additionally, rich countries did not fare the pandemic much better than poor ones. COVID-19 thrived on inequalities and a lack of cooperation. In this article we leverage on defensive growth models to explain the complex relationships between these factors, and we put forward the idea of neo-humanism, a cultural movement grounded on evidence from quality-of-life studies. The movement proposes a new culture leading towards a socially and environmentally sustainable future. Specifically, neo-humanism suggests that prioritizing well-being by, for instance, promoting social relations, would benefit the environment, enable collective action to address public issues, which in turn positively affects productivity and health, among other behavioral outcomes, and thereby instills a virtuous cycle. Arguably, such a society would have been better endowed to cope with COVID-19, and possibly even prevented the pandemic. Neo-humanism proposes a world in which the well-being of people comes before the well-being of markets, in which promoting cooperation and social relations represents the starting point for better lives, and a peaceful and respectful coexistence with other species on Earth.

econ.GN↗

arXiv2016

Online Networks, Social Interaction and Segregation: An Evolutionary Approach

We have developed an evolutionary game model, where agents can choose between two forms of social participation: interaction via online social networks and interaction by exclusive means of face-to-face encounters. We illustrate the societal dynamics that the model predicts, in light of the empirical evidence provided by previous literature. We then assess their welfare implications. We show that dynamics, starting from a world in which online social interaction is less gratifying than offline encounters, will lead to the extinction of the sub-population of online networks users, thereby making Facebook and alike disappear in the long run. Furthermore, we show that the higher the propensity for discrimination between the two sub-populations of socially active individuals, the greater the probability that individuals will ultimately segregate themselves, making society fall into a social poverty trap.

cs.SI↗

arXiv2015

Keeping up with the e-Joneses: Do online social networks raise social comparisons?

Online social networks such as Facebook disclose an unprecedented volume of personal information amplifying the occasions for social comparisons. We test the hypothesis that the use of social networking sites (SNS) increases people's dissatisfaction with their income. After addressing endogeneity issues, our results suggest that SNS users have a higher probability to compare their achievements with those of others. This effect seems stronger than the one exerted by TV watching, it is particularly strong for younger people, and it affects men and women in a similar way.

cs.CY↗

arXiv2014

It's not the economy, stupid! How social capital and GDP relate to happiness over time

What predicts the evolution over time of subjective well-being? We correlate the trends of subjective well-being with the trends of social capital and/or GDP. We find that in the long and medium run social capital largely predicts the trends of subjective wellbeing in our sample of countries. In the short-term this relationship weakens. Indeed, in the short run, changes in social capital predict a much smaller portion of the changes in subjective well-being than over longer periods. GDP follows a reverse path, thus confirming the Easterlin paradox: in the short run GDP is more positively correlated to well-being than in the medium-term, while in the long run this correlation vanishes.

econ.GN↗

arXiv2014

Online networks destroy social trust

Studies in the social capital literature have documented two stylised facts: first, a decline in measures of social participation has occurred in many OECD countries. Second, and more recently, the success of social networking sites (SNSs) has resulted in a steep rise in online social participation. Our study adds to this body of research by conducting the first empirical assessment of how online networking affects two economically relevant aspects of social capital, i.e. trust and sociability. We address endogeneity in online networking by exploiting technological characteristics of the pre-existing voice telecommunication infrastructures that exogenously determined the availability of broadband for high-speed Internet. We find that participation in SNSs such as Facebook and Twitter has a positive effect on face-to-face interactions. However, social trust decreases with online interactions. We argue that the rising practice of hate speech may play a crucial role in the destruction of trust.

cs.CY↗

arXiv2014

Online networks and subjective well-being

We argue that the use of online networks may threaten subjective well-being in several ways, due to the inherent attributes of Internet-mediated interaction and through its effects on social trust and sociability. We test our hypotheses on a representative sample of the Italian population. We find a significantly negative correlation between online networking and well-being. This result is partially confirmed after accounting for endogeneity. We explore the direct and indirect effects of the use of social networking sites (SNS) on well-being in a SEM analysis. We find that online networking plays a positive role in subjective well-being through its impact on physical interactions, whereas SNS use is associated with lower social trust. The overall effect of networking on individual welfare is significantly negative.

cs.CY↗