"Household Wealth, Public Consumption and Economic Well-Being in the United States"
Standard official measures of economic well-being are based on money income. The general consensus is that such measures are seriously flawed because they ignore several crucial determinants of well-being. We examine two such determinants--household wealth and public consumption--in the context of the United States. Our findings suggest that the level and distribution of economic well-being is substantially altered when money income is adjusted for wealth or public consumption.
Year of publication: |
2003-09
|
---|---|
Authors: | Wolff, Edward N. ; Zacharias, Ajit ; Caner, Asena |
Institutions: | Levy Economics Institute |
Saved in:
freely available
Saved in favorites
Similar items by person
-
How much does public consumption matter for well-being?
Wolff, Edward N., (2004)
-
Wolff, Edward N., (2003)
-
United States, 1989, 1995, 2000, and 2001
Wolff, Edward N., (2004)
- More ...