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Human Development in the EU

Author

Listed:
  • Diego LANZI
  • Flavio DELBONO

    (Dipartimento di Economia, Università di Bologna)

Abstract

In its present formulation the Human Development Index (HDI) is a measure of the well-being of nations considering two fixed reference values for each indicator, the so-called fixed goals of development, as normalization parameters. As is well known, the HDI is insensitive to the relative performance of a country with respect to those of a reference group of nations. Nevertheless, several recent works on individuals’ perception of their well-being reveal that subjective well-being is positively correlated with upward mobility opportunities and negatively correlated with the persistency of well-being inequalities within a reference group. Therefore, in this paper, we suggest an easy-tohandle extension of the HDI aimed at integrating the «absolute» perspective implicit in the traditional index with a relative one. Finally, as an application of our index, we assess the well-being of nations in the EU

Suggested Citation

  • Diego LANZI & Flavio DELBONO, 2008. "Human Development in the EU," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 116(3), pages 321-331.
    • Handle: RePEc:vep:journl:y:2008:v:116:i:3:p:321-331
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    More about this item

    Keywords

    HDI; Range-frequency Theory; European Union;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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