Growth, Inequality and Well-Being: Comparisons across Space and Time

Carola Grün and Stephan Klasen
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Carola Grün: University of Witwatersrand

HEW from University Library of Munich, Germany

Abstract: We use several well-being measures that combine average income with a measure of inequality to undertake international, intertemporal, and global comparisons of well-being. The conclusions emerging from the analysis are that our well-being measures drastically change our impression of levels of well-being of countries. They also significantly affect the ranking of countries, when compared to rankings based on real per capita incomes. These results appear not very sensitive to the data on inequality which this analysis is based upon. However, since the inclusion of inequality has an important impact on well-being comparisons, it is of great importance to generate more consistent and intertemporally as well as internationally comparable data on inequality that are necessary for such comparisons.

JEL-codes: D63 I31 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2004-01-21
New Economics Papers: this item is included in nep-dev, nep-edu and nep-mic
Note: Type of Document - Acrobat PDF; pages: 41; figures: included
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Growth, Inequality and Well-Being: Comparisons across Space and Time (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwphe:0401001

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