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Improvement indices of well-being (*)

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  • Kai-yuen Tsui

    (Economics Department, The Chinese University of Hong Kong, Shatin, N.T., Hong Kong)

Abstract

In recent years, various classes of indices measuring the improvement of well-being have been suggested. Formally, an improvement index is a function Q*(x1, x2), where xt is the level of some attribute of well-being, e.g., life expectancy, in period t. This paper extends previous works on improvement indices by introducing a class of multidimensional indices which aggregates the improvement of a group of attributes of well-being. We propose a set of axioms which leads inexorably to a multidimensional generalization of Kakwani's class of improvement indices of well-being (Kakwani 1993).

Suggested Citation

  • Kai-yuen Tsui, 1996. "Improvement indices of well-being (*)," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 13(3), pages 291-303.
    • Handle: RePEc:spr:sochwe:v:13:y:1996:i:3:p:291-303
    Note: Received: 1 December 1993 / Accepted: 10 March 1995
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    Cited by:

    1. Prados de la Escosura, Leandro, 2013. "Human development in Africa: A long-run perspective," Explorations in Economic History, Elsevier, vol. 50(2), pages 179-204.
    2. Chakravarty, Satya R. & Pal, Rupayan, 2013. "Financial inclusion in India: An axiomatic approach," Journal of Policy Modeling, Elsevier, vol. 35(5), pages 813-837.
    3. Emanuele Felice, 2016. "The Misty Grail: The Search for a Comprehensive Measure of Development and the Reasons for GDP Primacy," Development and Change, International Institute of Social Studies, vol. 47(5), pages 967-994, September.
    4. Iñaki Permanyer, 2013. "The measurement of success in achieving the Millennium Development Goals," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 11(3), pages 393-415, September.
    5. Emanuele Felice, 2012. "Neither dashboard nor 'mashup' indices: an empirical wealth approach as a pathway to a comprehensive measure of development," UHE Working papers 2012_01, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
    6. Iñaki Permanyer, 2016. "Measuring Achievement and Shortfall Improvements in a Consistent Way," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(4), pages 758-774, December.

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