Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/215681 
Year of Publication: 
2020
Series/Report no.: 
Hohenheim Discussion Papers in Business, Economics and Social Sciences No. 01-2020
Publisher: 
Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften, Stuttgart
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
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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