Inequalities in life expectancy and the global welfare convergence

Hippolyte d'Albis and Florian Bonnet ()
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Florian Bonnet: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, UP1 UFR02 - Université Paris 1 Panthéon-Sorbonne - École d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: Becker et al. (2005) maintain that including life expectancy gains in a welfare indicator result in a reduction of inequality between 1960 and 2000 twice as great as when measured by per capita income. We discuss their methodology and show it determines the convergence result. We use an alternative methodology, based on Fleurbaey and Gaulier (2009), which monetizes differences in life expectancy between countries at each date rather than life expectancy gains. We show that including life expectancy has no effect on the evolution of world inequality.

Keywords: World inequality; Well-being indicators; Life expectancy (search for similar items in EconPapers)
Date: 2018-07
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Citations: View citations in EconPapers (2)

Published in Economics Letters, 2018, 168, pp.49 - 51. ⟨10.1016/j.econlet.2018.03.035⟩

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Related works:
Journal Article: Inequalities in life expectancy and the global welfare convergence (2018)
Working Paper: Inequalities in life expectancy and the global welfare convergence (2018)
Working Paper: Inequalities in Life Expectancy and the Global Welfare Convergence (2018)
Working Paper: Inequalities in Life Expectancy and the Global Welfare Convergence (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-01883587

DOI: 10.1016/j.econlet.2018.03.035

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