 Measuring economic ill-being using objective and subjective indicators: evidence for the PhilippinesEdsel L. Beja International Review of Applied Economics, 2016, vol. 30, issue 2, 151-166 Abstract: The mismatch between a country’s macroeconomic performance and the people’s economic well-being represents the overall economic ill-being in a society. This mismatch is measurable using objective indicators such as the inflation rate and the joblessness rate as well as subjective indicators such as personal evaluations on the inflation and joblessness rates. That is, the inflation rate shows the affordability of goods and services; and the subjective evaluation indicates whether people see the goods and services as affordable or not. In addition, the joblessness rate indicates the portion of the labor force that does not enjoy gainful employment; and the subjective evaluation indicates whether people see themselves as jobless or not. The results for the Philippines show a high-level of overall economic ill-being especially in the decade covering 2005 to 2014. This finding unveils a different scene from what the mainstream discourses are portraying as the current state of the Philippine society. Date: 2016 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:irapec:v:30:y:2016:i:2:p:151-166 Ordering information: This journal article can be ordered from DOI: 10.1080/02692171.2015.1074166 Access Statistics for this article International Review of Applied Economics is currently edited by Professor Malcolm Sawyer More articles in International Review of Applied Economics from Taylor & Francis Journals |
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