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Croissance économique et bien-être

Author

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  • Gerard Cornilleau

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

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.

Suggested Citation

  • Gerard Cornilleau, 2006. "Croissance économique et bien-être," Post-Print hal-03389316, HAL.
    • Handle: RePEc:hal:journl:hal-03389316
    DOI: 10.3917/reof.096.0011
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03389316
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    References listed on IDEAS

    as
    1. 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.
    2. 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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