Improvement indices of well-being (*)
AbstractIn 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).
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Bibliographic InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 13 (1996)
Issue (Month): 3 ()
Note: Received: 1 December 1993 / Accepted: 10 March 1995
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- 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.
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