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A Newer Human Development Index

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  • Carmen Herrero
  • Ricardo Mart�nez
  • Antonio Villar

Abstract

The Human Development Index has experienced substantial modifications in the 2010 edition of the Human Development Report (changes in some of the variables, a different aggregation procedure, and the introduction of distributive considerations, among others). Those changes respond to some well-known shortcomings of the traditional design of this index and entail substantial improvements. There are still some inconsistencies in the new construction that have to be addressed (in particular, the use of a composite variable to approach educational achievements, the use of logs for the income variable and the type of normalization adopted). We discuss in this paper those inconsistencies and suggest some relatively minor changes that would suffice to avoid them.

Suggested Citation

  • Carmen Herrero & Ricardo Mart�nez & Antonio Villar, 2012. "A Newer Human Development Index," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(2), pages 247-268, May.
    • Handle: RePEc:taf:jhudca:v:13:y:2012:i:2:p:247-268
    DOI: 10.1080/19452829.2011.645027
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    References listed on IDEAS

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