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Measuring the unmeasurable? Systematic evidence on scale transformations in subjective survey data

Abstract:
Ordered response scales are ubiquitous in economics, but their interpretation rests on an untested assumption: that numerical labels reflect equal psychological intervals. We develop a framework to quantify how relaxing this assumption affects empirical results. Using new experimental evidence, we show that scale use is only mildly nonlinear. Replicating over 40,000 estimates from more than 80 papers, we find that coefficient signs and significance are largely robust, but relative magnitudes are not. Even modest non-linearities generate substantial variation in implied trade-offs.
Publication status:
Published

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Institution:
University of Oxford
Oxford college:
Harris Manchester College
Role:
Author


Publisher:
Wellbeing Research Centre
Series:
Wellbeing Research Centre Working Paper
Place of publication:
Oxford
Publication date:
2025-09-01
DOI:
Paper number:
2503


Language:
English
Keywords:
Pubs id:
2253205
Local pid:
pubs:2253205
Deposit date:
2025-07-28
ARK identifier:

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