Growth, Inequality and Well-Being: Comparisons across Space and Time
AbstractWe use several well-being measures that combine average income with a measure of inequality to undertake international, intertemporal, and global comparisons of well-being. The conclusions emerging from the analysis are that our well-being measures drastically change our impression of levels of well-being of countries. They also significantly affect the ranking of countries, when compared to rankings based on real per capita incomes. These results appear not very sensitive to the data on inequality which this analysis is based upon. However, since the inclusion of inequality has an important impact on well-being comparisons, it is of great importance to generate more consistent and intertemporally as well as internationally comparable data on inequality that are necessary for such comparisons.
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Bibliographic InfoPaper provided by EconWPA in its series HEW with number 0401001.
Length: 41 pages
Date of creation: 21 Jan 2004
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Note: Type of Document - Acrobat PDF; pages: 41; figures: included
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Other versions of this item:
- Carola Grün & Stephan Klasen, 2003. "Growth, Inequality and Well-Being: Comparisons across Space and Time," Ibero America Institute for Econ. Research (IAI) Discussion Papers 094, Ibero-America Institute for Economic Research.
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-01-25 (All new papers)
- NEP-DEV-2004-01-25 (Development)
- NEP-EDU-2004-01-25 (Education)
- NEP-MIC-2004-01-25 (Microeconomics)
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