Household Wealth, Public Consumption and Economic Well-Being in the United States

Edward Nathan Wolff (), Ajit Zacharias and Asena Caner

Economics Working Paper Archive from Levy Economics Institute, The

Abstract: Standard official measures of economic well-being are based on money income. The general consensus is that such measures are seriously flawed because they ignore several crucial determinants of well-being. We examine two such determinants--household wealth and public consumption--in the context of the United States. Our findings suggest that the level and distribution of economic well-being is substantially altered when money income is adjusted for wealth or public consumption.

New Economics Papers: this item is included in nep-ltv
Date: 2003-09
View list of references

Downloads: (external link)
http://www.levy.org/pubs/wp386.pdf (application/pdf)

Related works:
Working Paper: Household Wealth, Public Consumption, and Economic Well-Being in the United States (2003)
Journal Article: Household wealth, public consumption and economic well-being in the United States (2005)
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: http://EconPapers.repec.org/RePEc:lev:wrkpap:386

Access Statistics for this paper

More papers in Economics Working Paper Archive from Levy Economics Institute, The
Series data maintained by Barbara Murphy ().