Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/215359 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 12963
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Per capita GDP has limited use as a well-being indicator because it does not capture many dimensions that imply a "good life," such as health and equality of opportunity. However, per capita GDP has the virtues of easy interpretation and can be calculated with manageable data requirements. Against this backdrop, a need exists for a measure of well-being that preserves the advantages of per capita GDP, but also includes health and equality. We propose a new parsimonious indicator to fill this gap and calculate it for 149 countries.
Subjects: 
beyond GDP
well-being
health
inequality
human development
lifetime income
JEL: 
I31
I15
D63
O10
E01
Document Type: 
Working Paper

Files in This Item:
File
Size
481.41 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.