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The Levy Institute Measure of Economic Well-Being: Estimates for Canada, 1999 and 2005

Author

Listed:
  • Andrew Sharpe
  • Alexander Murray
  • Benjamin Evans
  • Elspeth Hazell

Abstract

This report presents estimates of the Levy Institute Measure of Economic Well-Being (LIMEW) for a representative sample of Canadian households in 1999 and 2005. The results indicate that there was only modest growth in the average Canadian household’s total command over economic resources in the six years between 1999 and 2005. Although inequality in economic well-being increased slightly over the 1999-2005 period, the LIMEW was more equally distributed across Canadian households than more common income measures (such as after-tax income) in both 1999 and 2005. The median household’s economic well-being was lower in Canada than in the United States in both years.

Suggested Citation

  • Andrew Sharpe & Alexander Murray & Benjamin Evans & Elspeth Hazell, 2011. "The Levy Institute Measure of Economic Well-Being: Estimates for Canada, 1999 and 2005," CSLS Research Reports 2011-09, Centre for the Study of Living Standards.
    • Handle: RePEc:sls:resrep:1109
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    File URL: http://www.csls.ca/reports/csls2011-09.pdf
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    References listed on IDEAS

    as
    1. Andrew Sharpe & Lars Osberg, 2009. "New Estimates of the Index of Economic Well-being for Canada and the Provinces, 1981 - 2008," CSLS Research Reports 2009-10, Centre for the Study of Living Standards.
    2. Andrew Sharpe & Jean-François Arsenault, 2009. "Living Standards Domain of the Canadian Index of Wellbeing," CSLS Research Reports 2009-04, Centre for the Study of Living Standards.
    3. Hagerbaumer, James B, 1977. "The Gini Concentration Ratio and the Minor Concentration Ratio: A Two-Parameter Index of Inequality," The Review of Economics and Statistics, MIT Press, vol. 59(3), pages 377-379, August.
    4. Andrew Sharpe & Lars Osberg, 2009. "New Estimates of the Index of Economic Well-being for Selected OECD Countries, 1981 - 2007," CSLS Research Reports 2009-11, Centre for the Study of Living Standards.
    5. Thomas Masterson, 2010. "Quality of Match for Statistical Matches Used in the 1999 and 2005 LIMEW Estimates for Canada," Economics Working Paper Archive wp_615, Levy Economics Institute.
    6. Chen, Chau-Nan & Tsaur, Tien-Wang & Rhai, Tong-Shieng, 1982. "The Gini Coefficient and Negative Income," Oxford Economic Papers, Oxford University Press, vol. 34(3), pages 473-478, November.
    7. Chris Ross & Alexander Murray, 2010. "Aggregate Measures of Income and Output in Canada and the United States: Implications for Productivity and Living Standards," International Productivity Monitor, Centre for the Study of Living Standards, vol. 19, pages 20-39, Spring.
    8. Edward N. Wolff, 1996. "International Comparisons Of Wealth Inequality," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(4), pages 433-451, December.
    9. Andrew Sharpe & Jean-François Arsenault & Peter Harrison, 2008. "The Relationship between Productivity and Real Wage Growth in Canada and OECD Countries, 1961-2006," CSLS Research Reports 2008-08, Centre for the Study of Living Standards.
    10. Edward N. Wolff & Ajit Zacharias & Thomas Masterson, 2009. "Long-Term Trends in the Levy Institute Measure of Economic Well-Being (LIMEW), United States, 1959-2004," Economics Working Paper Archive wp_556, Levy Economics Institute.
    11. Hyunsub Kum & Thomas Masterson, 2008. "Statistical Matching Using Propensity Scores: Theory and Application to the Levy Institute Measure of Economic Wellbeing," Economics Working Paper Archive wp_535, Levy Economics Institute.
    12. Edward N. Wolff & Ajit Zacharias, 2003. "The Levy Institute Measure of Economic Well-Being," Economics Working Paper Archive wp_372, Levy Economics Institute.
    13. מחקר - ביטוח לאומי, 2006. "Summary for 2005," Working Papers 29, National Insurance Institute of Israel.
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    Cited by:

    1. Chiara Elena Dalla & Menon Martina & Perali Federico, 2019. "An Integrated Database to Measure Living Standards," Journal of Official Statistics, Sciendo, vol. 35(3), pages 531-576, September.
    2. Edward N. Wolff & Ajit Zacharias & Thomas Masterson & Selçuk Eren & Andrew Sharpe & Elspeth Hazell, 2012. "A Comparison of Inequality and Living Standards in Canada and the United States Using an Expanded Measure of Economic Well-Being," CSLS Research Reports 2012-01, Centre for the Study of Living Standards.
    3. Kar-Fai Gee, 2015. "Development of Estimates for Household Production of Non-Market Services in OECD Countries for the Index of Economic Well-Being," CSLS Research Reports 2015-09, Centre for the Study of Living Standards.

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    More about this item

    Keywords

    LIMEW; well-being; income; earnings; wealth; public consumption; government expenditure; household production; inequality;
    All these keywords.

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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