Croissance économique et bien-être
Abstract
The measurement of social well-being is still a question. We propose a new indicator founded on both ¿relative¿ and ¿absolute¿ characteristics. The level of aggregated social well-being depend on income distribution (reducing inequality increase social well-being) and on the rate of economic growth (living generations are in a better situation). We have computed the indicator for France, Italy, United States and United Kingdom, during 1950-2000. The increase in social well-being was very large in France and Italy, but stagnate in the recent years. In the United States and United Kingdom, it is still increasing. In these four countries, a 2 % per year growth in real income per capita is required to stabilise the level of well-being. For sustaining a high level of social well-being, the economic policy must aim two goals: a high level of economic growth and a low level of inequality.JEL codes: A1, D6, D63, E01, E61, I3.Download Info
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Article provided by Presses de Sciences-Po in its journal Revue de l'OFCE.
Volume (Year): 96 (2006)
Issue (Month): 1 ()
Pages: 11-34
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Web page: http://www.cairn.info/revue-de-l-ofce.htm
Related research
Keywords:Find related papers by JEL classification:
- A1 - General Economics and Teaching - - General Economics
- D6 - Microeconomics - - Welfare Economics
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- I3 - Health, Education, and Welfare - - Welfare and Poverty
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