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The Median is the Message: A Good Enough Measure of Material Wellbeing and Shared Development Progress

Listed author(s):
  • Nancy Birdsall
  • Christian J. Meyer

type="graphical" xml:id="gpol12239-abs-0002"> We propose a simple and easily understood measure of material well-being, and of change in material well-being of the ‘typical’ person in developing countries, i.e. of the person or household who is at the median of the distribution of per capita consumption expenditure. We argue that this measure has three advantages: simplicity and accessibility, durability, and relevance as a broad reflection of the development as a modernization process.

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File URL: http://hdl.handle.net/10.1111/gpol.2015.6.issue-4
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Article provided by London School of Economics and Political Science in its journal Global Policy.

Volume (Year): 6 (2015)
Issue (Month): 4 (November)
Pages: 343-357

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Handle: RePEc:bla:glopol:v:6:y:2015:i:4:p:343-357
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