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Economic Welfare Measurements and Human Well-Being

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Author Info
Avner Offer () (Nuffield College, Oxford)

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Abstract

GDP per head is not only an economic indicator, but is widely used as a welfare indicator. This use not well founded in economic theory. The paper compares income per head with a three groups of alternative indicators: 'extended national accounts', social indicators, and indicators of subjective well-being. All of these methods indicate a decline in the welfare productivity of GDP goods over time.

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File URL: http://www.nuff.ox.ac.uk/Economics/History/Paper34/offer34.pdf
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Publisher Info
Paper provided by Economics Group, Nuffield College, University of Oxford in its series Oxford University Economic and Social History Series with number _034.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 35 pages
Date of creation: 01 Jan 2000
Date of revision:
Handle: RePEc:nuf:esohwp:_034

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Web page: http://www.nuff.ox.ac.uk/economics/

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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. Di Tella, Rafael & MacCulloch, Robert J. & Oswald, Andrew J., 2001. "The Macroeconomics of Happiness," The Warwick Economics Research Paper Series (TWERPS) 615, University of Warwick, Department of Economics. [Downloadable!]
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  2. Dora L. Costa & Richard H. Steckel, 1995. "Long-Term Trends in Health, Welfare, and Economic Growth in the United States," NBER Historical Working Papers 0076, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Crafts, Nicholas, 1992. "Was the Thatcher Experiment Worth it? British Economic Growth in a European Context," CEPR Discussion Papers 710, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  4. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July. [Downloadable!] (restricted)
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  5. van Praag, Bernard M S & Hagenaars, Aldi J M & van Weeren, Hans, 1982. "Poverty in Europe," Review of Income and Wealth, Blackwell Publishing, vol. 28(3), pages 345-59, September.
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Cited by:
(explanations, 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. Jane Humphries, 2006. ""Because they are too menny..." Children, Mothers and Fertility Decline: The Evidence from Working-Class Autobiographies of the Eighteenth and Nineteenth Centuries," Oxford University Economic and Social History Series _064, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
  2. Richard Steckel, 2005. "Fluctuations in a Dreadful Childhood: Synthetic longitudinal height data, relative prices, and weather in the short-term health of american slaves," Oxford University Economic and Social History Series _058, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
  3. Javier Herrera & Mireille Razafindrakoto & François Roubaud, 2006. "The determinants of subjective poverty: A comparative analysis in Madagascar and Peru," Working Papers DT/2006/01, DIAL (Développement, Institutions & Analyses de Long terme). [Downloadable!]
  4. Alasdair Crockett, 2000. "Variations in Churchgoing Rates in England in 1851: Supply-side Deficiency or Demand-led Decline," Oxford University Economic and Social History Series _036, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
  5. Regina Grafe, 2004. "Popish Habits vs. Nutritional Need: Fasting and Fish Consumption in Iberia in the Early Modern Period," Oxford University Economic and Social History Series _055, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
  6. Walter Eltis, 2001. "Lord Overstone and the Establishment of British Nineteenth-Century Monetary Orthodoxy," Oxford University Economic and Social History Series _042, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
  7. Pablo Astorga & Ame E. Bergés & Valpy Fitzgerald, 2004. "The Standard of Living in Latin America During the Twentieth Century," Oxford University Economic and Social History Series _054, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
  8. Giovanni Vecchi & Michela Coppola, 2004. "Nutrition And Growth In Italy, 1861-1911 What Macroeconomic Data Hide," Working Papers in Economic History wh043101, Universidad Carlos III, Departamento de Historia Económica e Instituciones. [Downloadable!]
    Other versions:
  9. Luis Bertola & Maria Camou & Silvana Maubrigades & Natalia Melgar, 2008. "Human development and inequality in the 20th Century : the Mercosur countries in a comparative perspective," Working Papers in Economic History wp08-06, Universidad Carlos III, Departamento de Historia Económica e Instituciones. [Downloadable!]
  10. repec:nuf:esohwp:0558 is not listed on IDEAS
  11. Leandro Conte & Giuseppe Della Torre & Michelangelo Vasta, 2007. "The Human Development Index in Historical Perspective: Italy from Political Unification to the Present Day," Department of Economics University of Siena 491, Department of Economics, University of Siena. [Downloadable!]
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