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Croissance économique et bien-être

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  • Gérard Cornilleau

Abstract

The measurement of social well-being is still a question. We propose a new indicator founded on both ?relative? and ?absolute? characteristics. The level of aggregated social well-being depend on income distribution (reducing inequality increase social well-being) and on the rate of economic growth (living generations are in a better situation). We have computed the indicator for France, Italy, United States and United Kingdom, during 1950-2000. The increase in social well-being was very large in France and Italy, but stagnate in the recent years. In the United States and United Kingdom, it is still increasing. In these four countries, a 2 % per year growth in real income per capita is required to stabilise the level of well-being. For sustaining a high level of social well-being, the economic policy must aim two goals: a high level of economic growth and a low level of inequality. JEL codes: A1, D6, D63, E01, E61, I3.

Suggested Citation

  • Gérard Cornilleau, 2006. "Croissance économique et bien-être," Revue de l'OFCE, Presses de Sciences-Po, vol. 96(1), pages 11-34.
  • Handle: RePEc:cai:reofsp:reof_096_0011
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    References listed on IDEAS

    as
    1. Didier Blanchet & Jean-Alain Monfort, 2002. "Croissance, transferts et inégalités entre générations," Economie & Prévision, La Documentation Française, vol. 154(3), pages 79-94.
    2. 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.
    3. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
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    More about this item

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • D6 - Microeconomics - - Welfare Economics
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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