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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)

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    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).

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    Bibliographic Info

    Article provided by Springer in its journal Social Choice and Welfare.

    Volume (Year): 13 (1996)
    Issue (Month): 3 ()
    Pages: 291-303

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    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. Leandro Prados de la Escosura, 2011. "Human development in Africa : a long-run perspective," Working Papers in Economic History wp11-09, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
    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. Iñaki Permanyer, 2013. "The measurement of success in achieving the Millennium Development Goals," Journal of Economic Inequality, Springer, vol. 11(3), pages 393-415, September.
    4. 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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