Composite Indices of Human Well-being: Past, Present, and Future

Mark McGillivray and Farhad Noorbakhsh

Working Papers from eSocialSciences

Abstract: This paper surveys the various composite well-being indices that have been inter-country assessments over the last 40 or soy ears, including the well known Human Development Index (HDI). A number of issues are considered, including the choice of components, component weights, scale equivalence, non-linearity, correlations among components and the policy relevance of such measures. [ResearchPaperNo.2004/63]

Keywords: human well-being; composite well-being indices; income per capita; Human Development Index; Physical Quality ofLife Index; non-linearity; measures; country (search for similar items in EconPapers)
Date: 2010-12
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