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Evolution of global inequality in human well-being: a sensitivity analysis

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  • Vanesa Jordá
  • Carmen Trueba
  • José María Sarabia

Abstract

In this paper, we study global inequality in well-being taking as a theoretical benchmark the Human Development Index (HDI), which comprises variables of income, health and education. We use a two-step methodology that involves the construction of a composite index in the first step on which inequality measures are computed. The use of these measures requires making choices on the standardisation of the variables and their weights, the rate of substitution between dimensions and the degree of inequality aversion in the society. We investigate the impact of these choices on the evolution of unweighted inequality over the period 1980-2011. We find the robust result that global inequality in human well-being decreased over the last 30 years.

Suggested Citation

  • Vanesa Jordá & Carmen Trueba & José María Sarabia, 2015. "Evolution of global inequality in human well-being: a sensitivity analysis," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 5(1), pages 108-125.
  • Handle: RePEc:ids:ijcome:v:5:y:2015:i:1:p:108-125
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    Cited by:

    1. Natalia Kopylova & Talita Greyling & Stephanié Rossouw, 2022. "Multidimensional Quality of Life of Older Adults in South Africa," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(6), pages 3427-3450, December.

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