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Welfare comparisons between societies with different population sizes and environmental characteristics

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Author Info
Asheim, Geir B. () (Dept. of Economics, University of Oslo)

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Abstract

To provide a normative foundation for transfers between different societies, one needs information on the “per capita welfare” in different societies, having different population sizes and environmental characteristics. This paper reviews various methods for doing such comparisons. The main conclusion of the analysis is that there appears to be no practical alternative to applying real comprehensive per capita NNP. This is a per capita variant of Weitzman’s stationary welfare equivalent of future utility. Welfare comparisons between different societies must be made in local real prices calculated according to “purchasing-power-parity”, where non-traded environmental amenities may play an important role.

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File URL: http://www.oekonomi.uio.no/memo/memopdf/memo2505.pdf
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Publisher Info
Paper provided by Oslo University, Department of Economics in its series Memorandum with number 25/2005.

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Length: 18 pages
Date of creation: 17 Jul 2005
Date of revision:
Handle: RePEc:hhs:osloec:2005_025

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Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
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Web page: http://www.oekonomi.uio.no/indexe.html
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Related research
Keywords: National accounting Population Dynamic welfare.

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Find related papers by JEL classification:
D60 - Microeconomics - - Welfare Economics - - - General
D90 - Microeconomics - - Intertemporal Choice and Growth - - - General
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Kenneth Arrow & Partha Dasgupta & Karl-Göran Mäler, 2003. "Evaluating Projects and Assessing Sustainable Development in Imperfect Economies," Working Papers 2003.109, Fondazione Eni Enrico Mattei. [Downloadable!]
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  2. Weitzman, Martin L, 2001. " A Contribution to the Theory of Welfare Accounting," Scandinavian Journal of Economics, Blackwell Publishing, vol. 103(1), pages 1-23, March. [Downloadable!] (restricted)
  3. Geir Asheim, 2004. "Green national accounting with a changing population," Economic Theory, Springer, vol. 23(3), pages 601-619, March. [Downloadable!] (restricted)
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  4. Dasgupta, Partha, 2001. "Valuing Objects and Evaluating Policies in Imperfect Economies," Economic Journal, Royal Economic Society, vol. 111(471), pages C1-29, May. [Downloadable!] (restricted)
  5. Asheim, Geir, 2003. "Green national accounting for welfare and sustainability: A taxonomy of assumptions and results," Memorandum 31/2002, Oslo University, Department of Economics. [Downloadable!]
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  1. Asheim, Geir B., 2005. "Can NNP be used for welfare comparisons?," Memorandum 24/2005, Oslo University, Department of Economics. [Downloadable!]
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