Growth, Inequality and Well-Being: Comparisons across Space and Time

Carola Grün and Stephan Klasen

No 94, Ibero America Institute for Econ. Research (IAI) Discussion Papers from Ibero-America Institute for Economic Research

Abstract: We use several well-being measures that combine average income with a measure of inequality to undertake international, intertemporal, and global comparisons of well-being. The conclusions emerging from the analysis are that our well-being measures drastically change our impression of levels of well-being of countries. They also significantly affect the ranking of countries, when compared to rankings based on real per capita incomes. These results appear not very sensitive to the data on inequality which this analysis is based upon. However, since the inclusion of inequality has an important impact on well-being comparisons, it is of great importance to generate more consistent and intertemporally as well as internationally comparable data on inequality that are necessary for such comparisons.

JEL-codes: D63 I31 (search for similar items in EconPapers)
Pages: 42
Date: 2003-10-07
New Economics Papers: this item is included in nep-edu
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www2.vwl.wiso.uni-goettingen.de/ibero/working_paper_neu/DB94.pdf (application/pdf)

Related works:
Working Paper: Growth, Inequality and Well-Being: Comparisons across Space and Time (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:got:iaidps:094

Access Statistics for this paper

More papers in Ibero America Institute for Econ. Research (IAI) Discussion Papers from Ibero-America Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Sabine Jaep ().