Okun`s and Barro`s Misery Index as an alternative poverty assessment tool. Recent estimations for European countries
The paper discusses an alternative measure for poverty assessment - the Misery Index. An author develops an extended version of the index. The calculations are run for European countries, based on Eurostat datas.
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- Heinz Welsch, 2007. "Macroeconomics and life satisfaction: Revisiting the "misery index"," Journal of Applied Economics, Universidad del CEMA, vol. 10, pages 237-251, November.
- DiTella, Rafael & MacCulloch, Robert & Oswald, Andrew J., 2001.
"Preferences over inflation and unemployment: Evidence from surveys of happiness,"
ZEI Working Papers
B 03-2001, University of Bonn, ZEI - Center for European Integration Studies.
- Robert J. MacCulloch & Rafael Di Tella & Andrew J. Oswald, 2001. "Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness," American Economic Review, American Economic Association, vol. 91(1), pages 335-341, March.
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