A Simple Approach to Specifying the Weights of the HDI Index

Starting from a representative welfare function, this paper developed a simple method to endogenously specify the weights for the Human Development Index (HDI), and finds that the current equal-weighted HDI significantly biases down the weight of life expectancy. The weights proposed by this study may more properly reflect the humancentered development of the HDI.

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Year of publication:	2012-06-11
Authors:	Yu, Xiaohua
Institutions:	Courant Research Centre PEG
Subject:	HDI \| Weights \| Welfare Function \| Ranking

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Extent:	application/pdf
Series:	Courant Research Centre: Poverty, Equity and Growth - Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 115
Classification:	O15 - Human Resources; Income Distribution; Migration ; D6 - Welfare Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010551888