New Estimates of the Index of Economic Well-being for Selected OECD Countries, 1981 - 2007
AbstractThis report presents new estimates of the Index of Economic Well-being (IEWB) and its four domains (consumption flows, stocks of wealth, economic equality, and economic security) for 14 OECD countries for the 1980-2007 period. It finds that in 2007 Norway had the highest level of economic well-being and Spain the lowest. Canada ranked ninth among the fourteen countries. Over the 1980-2007 period Denmark enjoyed the most rapid increase in economic well-being, and the Netherlands the slowest. In all 14 countries rate of advance of the IEWB was less than that of GDP per capita. The IEWB addresses most of the recommendations of the recently released report from the Commission for the Measurement of Economic Performance and Social Progress (the Stiglitz report) on what aspects of economic reality an index of economic well-being should capture.
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Bibliographic InfoPaper provided by Centre for the Study of Living Standards in its series CSLS Research Reports with number 2009-11.
Date of creation: Dec 2009
Date of revision:
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D60 - Microeconomics - - Welfare Economics - - - General
- D30 - Microeconomics - - Distribution - - - General
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
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