No . 2004 / 24 Income - based Measures of Average Well - being Steve Dowrick
نویسنده
چکیده
Internation comparisons of average national incomes omit important information about leisure, home production, health, etc. They are also bedevilled by index number problems. This paper suggests ways of combining working hours and life-expectancy with income comparisons, and shows that the fixed-price indexes of real income, such as those in the Penn World Table, substantially understate the income gaps between the poorest and richest countries.
منابع مشابه
Income - based measures of average well - being
Internation comparisons of average national incomes omit important information about leisure, home production, health, etc. They are also bedevilled by index number problems. This paper suggests ways of combining working hours and life-expectancy with income comparisons, and shows that the fixed-price indexes of real income, such as those in the Penn World Table, substantially understate the in...
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* Acknowledgments are due to Guy Bruten and Muhammad Akmal who provided valuable research assistance, and to John Quiggin who is closely involved in the overall research project of which this paper represents one part.
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