Engineer, Merwan; King, Ian; Roy, Nilanjana - Department of Economics, Faculty of Business and Economics - 2008
that the income component in the index only role is to distort the allocation between health and education expenditure …. Because the income component does not play its intended role of securing resources for a decent standard of living, we argue … that it is better to drop income from the index in considering optimal plans. Alternatively, we consider net income, income …
