IDEAS home Printed from https://ideas.repec.org/p/ags/motuwp/290591.html
   My bibliography  Save this paper

A New Cross Country Measure of Material Wellbeing and Inequality Methodology, Construction and Results

Author

Listed:
  • Grimes, Arthur
  • Hyland, Sean

Abstract

This paper advances a new framework for defining a country’s material wellbeing based on the distribution of consumer durables, building on the recent material wellbeing literature that calls for an increased focus on both the level and the distribution of consumption and wealth. Our framework is demonstrated using household-level data from the OECD PISA surveys, from which triennial metrics are constructed consistently for 40 countries since 2000. Comparisons with income-based alternative metrics suggest that our consumption-based measure captures important aspects of material wellbeing at both the micro and the macro level. Differences between the two approaches is shown to be associated with life-cycle smoothing, an important aspect that should be captured in material wellbeing estimates.

Suggested Citation

  • Grimes, Arthur & Hyland, Sean, 2015. "A New Cross Country Measure of Material Wellbeing and Inequality Methodology, Construction and Results," Motu Working Papers 290591, Motu Economic and Public Policy Research.
    • Handle: RePEc:ags:motuwp:290591
    DOI: 10.22004/ag.econ.290591
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/290591/files/15_09.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.290591?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:motuwp:290591. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/motuenz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.