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An Index of Economic Well-being for Canada

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Author Info
Osberg, L.
Sharpe, A.

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Abstract

The objective of this paper is to develop an index of economic weel-being for Canada for the period 1971 to 1997 using a framework originally laid out by Osberg (1985). Although the economic well-being of a society depends on the level of average consumption flows, aggregate accumulation of productive stocks, inequality in the distribution of individual incomes and insecurity in the anticipation of future incomes, the weights attached to each component will vary, depending on the values of different observers. It is argued that public debate would improved if there is explicit consideration of the aspects of economic well-being obscured by average income trends and if the weights attached to theses aspects were explicitly open for discussion.

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Publisher Info
Paper provided by Dalhousie, Department of Economics in its series Department of Economics at Dalhousie University working papers archive with number 98-08.

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Length: 55 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:dal:wparch:98-08

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Related research
Keywords: MEASURING INSTRUMENTS ; SOCIAL WELFARE ; MACROECONOMICS;

Other versions of this item:

Find related papers by JEL classification:
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty

Cited by:
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  1. Andrew Sharpe, 2004. "Exploring the Linkages between Productivity and Social Development in Market Economies," CSLS Research Reports 2004-02, Centre for the Study of Living Standards. [Downloadable!]
  2. Warren, Paul, 2005. "Key Indicators in Canada," Economic Analysis (EA) Research Paper Series 2005037e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
  3. Rahman, Tauhidur & Mittelhammer, Ron C. & Wandschneider, Philip, 2003. "A Sensitivity Analysis Of Quality Of Life Indices Across Countries," 2003 Annual meeting, July 27-30, Montreal, Canada 22045, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  4. Lars Osberg, 2001. "Needs and Wants: What is Social Progress and How Should it be Measured," The Review of Economic Performance and Social Progress, in: Andrew Sharpe, Executive Director & France St-Hilaire, Vice-President , Research & Keith Banting, Di (ed.), The Review of Economic Performance and Social Progress 2001: The Longest Decade: Canada in the 1990s, volume 1 Centre for the Study of Living Standards & The Institutute for Research on Public Policy. [Downloadable!]
  5. Jim Stanford, 2001. "The Economic and Social Consequences of Fiscal Retrenchment in Canada in the 1990s," The Review of Economic Performance and Social Progress, in: Andrew Sharpe, Executive Director & France St-Hilaire, Vice-President , Research & Keith Banting, Di (ed.), The Review of Economic Performance and Social Progress 2001: The Longest Decade: Canada in the 1990s, volume 1 Centre for the Study of Living Standards & The Institutute for Research on Public Policy. [Downloadable!]
  6. Andrew Sharpe, 2002. "Raising Canadian Living Standards: A Framework for Analysis," International Productivity Monitor, Centre for the Study of Living Standards, vol. 5, pages 23-40, Fall. [Downloadable!]
  7. Andrew Sharpe & Anne-Marie Shaker, 2007. "Indicators of Labour Market Conditions in Canada," CSLS Research Reports 2007-03, Centre for the Study of Living Standards. [Downloadable!]
  8. Lars Osberg & Andrew Sharpe, 2003. "An Index of Labour Market Well-being for OECD Countries," CSLS Research Reports 2003-05, Centre for the Study of Living Standards, revised Jan 2004. [Downloadable!]
  9. Andrew Sharpe & Jeremy Smith, 2005. "Measuring the Impact of Research on Well-being: A Survey of Indicators of Well-being," CSLS Research Reports 2005-02, Centre for the Study of Living Standards. [Downloadable!]
  10. Lars Osberg & Andrew Sharpe, 2003. "Human Well-being and Economic Well-being: What Values Are Implicit in Current Indices?," CSLS Research Reports 2003-04, Centre for the Study of Living Standards. [Downloadable!]
  11. Andrew Sharpe, 2004. "Literature Review of Frameworks for Macro-indicators," CSLS Research Reports 2004-03, Centre for the Study of Living Standards. [Downloadable!]
  12. Centre for the Study of Living Standards, 2002. "Raising Canadian Living Standards: A Framework for Discussion," CSLS Research Reports 02td, Centre for the Study of Living Standards. [Downloadable!]
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