Browsing by Person "Ogbuoji, Osondu"

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Going beyond GDP with a parsimonious indicator
inequality-adjusted healthy lifetime income
(2020) Yamey, Gavin; Prettner, Klaus; Ogbuoji, Osondu; Kufenko, Vadim; Fan, Victoria Y.; Bloom, David E.
Per capita GDP has limited use as a well-being indicator because it does not capture many dimensions that imply a “good life,” such as health and equality of opportunity. However, per capita GDP has the virtues of easy interpretation and can be calculated with manageable data requirements. Against this backdrop, a need exists for a measure of well-being that preserves the advantages of per capita GDP, but also includes health and equality. We propose a new parsimonious indicator to fill this gap and calculate it for 149 countries.