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ResearchPaper
2020

Going beyond GDP with a parsimonious indicator : inequality-adjusted healthy lifetime income

Abstract (English)

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.

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Publication license

Publication series

Hohenheim discussion papers in business, economics and social sciences; 2020,01

Published in

Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institute of Economics

Examination date

Supervisor

Edition / version

Citation

DOI

ISSN

ISBN

Language
English

Publisher

Publisher place

Classification (DDC)
330 Economics

Original object

Sustainable Development Goals

BibTeX

@techreport{Yamey2020, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6460}, author = {Yamey, Gavin and Prettner, Klaus and Ogbuoji, Osondu et al.}, title = {Going beyond GDP with a parsimonious indicator : inequality-adjusted healthy lifetime income}, year = {2020}, school = {Universität Hohenheim}, series = {Hohenheim discussion papers in business, economics and social sciences}, }
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