The evolution of World inequality in Well-being
Koen Decancq (),
André Decoster () and
Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven
In this paper we investigate the evolution of the inequality in well-being across different countries between 1975 and 2000. We treat well-being as a multidimensional concept focusing on three important dimensions of life: standard of living, health and education. Inequality in the three dimensions shows a different trend between 1975 and 2000. We propose a flexible measure of well-being and use the tools offered by the recent literature on multidimensional inequality measurement to quantify the evolution of overall intercountry well-being inequality. The empirical results are nuanced, and sensitive to different normative choices on the trade-offs between the different dimensions. In particular the concave transformation of income turns out to be decisive for the evolution of world inequality in well-being.
Keywords: Multidimensional Inequality Measurement; Index of Well-being; Inter-country Inequality. (search for similar items in EconPapers)
JEL-codes: D31 D63 I31 O50 (search for similar items in EconPapers)
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Journal Article: The Evolution of World Inequality in Well-being (2009)
Working Paper: The evolution of world inequality in well-being (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ete:ceswps:ces0704
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