Income-based measures of average well-being

Arbeitspapier

Internation comparisons of average national incomes omit important information about leisure, home production, health, etc. They are also bedevilled by index number problems. This paper suggests ways of combining working hours and life-expectancy with income comparisons, and shows that the fixed-price indexes of real income, such as those in the Penn World Table, substantially understate the income gaps between the poorest and richest countries.

Angaben zum Objekt

• ISBN: 9291906077
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WIDER Research Paper ; No. 2004/24

Klassifikation und Themen

• Klassifikation: Wirtschaft ; General Equilibrium and Disequilibrium: General ; General Welfare; Well-Being ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
• Thema: income comparisons ; well-being ; life expectancy ; exchange rate bias ; Geary-Khamis bias ; the Afriat index ; Lebensstandard ; Sozialprodukt ; Sozialer Indikator ; Vergleich ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dowrick, Steve
• Ereignis: Veröffentlichung
• (wer): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (wo): Helsinki
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/63467
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ