Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Economics Department, University of California-Davis - 2012
Development Reports, to include not only consumption, but also education, leisure, the stock of knowledge and the quality of the … hand, the stock of knowledge is twice as large, and education is four times as large. So if the “true” social welfare index … towards less intensive ones, like knowledge, education, and leisure. …