Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63467
Authors: 
Dowrick, Steve
Year of Publication: 
2004
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2004/24
Abstract: 
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.
Subjects: 
income comparisons
well-being
life expectancy
exchange rate bias
Geary-Khamis bias
the Afriat index
JEL: 
D50
I31
O47
ISBN: 
9291906077
Document Type: 
Working Paper

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