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Health adjusted GDP (HAGDP) measures of the relationship between economic growth, health outcomes and social welfare

Clarke, Matthew; Islam, Sardar M. N. - 2003

they can fail to adequately consider social welfare issues, such as equity and efficiency. Social choice theory allows … growth on social welfare. Social choice theory incorporates the various social concerns that are not adequately captured … (costs and benefits) using Thailand and Australia as case studies, from 1975 to 1999. Two health adjusted gross domestic …

Persistent link: https://www.econbiz.de/10011509333

Inequity aversion, welfare measurement and the Gini index

Schmidt, Ulrich; Wichardt, Philipp C. - 2018

Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as relevant for economic decision making, depends not only on absolut but also on distributional aspects. Moreover, evidence is gathering that something similar holds for aggregate...

Persistent link: https://www.econbiz.de/10011845317

Health, income, and measures of inequality : why inequality may decline when all inequality measures indicate the opposite

Brekke, Kjell Arne; Kverndokk, Snorre - 2024

We study how measures of socioeconomic health inequality inform about welfare inequality. We argue that transfers of either income or health from a better off to a worse off individual should reduce welfare inequality. Lacking an objective measure of individual welfare, we suggest that such a...

Persistent link: https://www.econbiz.de/10015057694

Pro-poor price trends and inequality : the case of India

Almås, Ingvild; Kjelsrud, Anders - 2016

It is well known that people’s consumption patterns change with income. Relative price changes therefore affect rich and poor consumers differently. Yet, the standard price indices are not income-specific and hence, the use of these mask these differences in cost-of-living. In this paper, we...

Persistent link: https://www.econbiz.de/10011421580

Growth, income distribution, and well-being : comparisons across space and time

Grün, Carola; Klasen, Stephan - 2003

We use several well-being measures that combine average income with a measure of inequality to undertake international, intertemporal, and global comparisons of well-being. The conclusions emerging from the analysis are that our well-being measures drastically change our impression of levels of...

Persistent link: https://www.econbiz.de/10011514115

Inequality, well-being and institutions in Latin America and the Caribbean

Oberoi, Jaideep; Ahsan, Syed - 2003

This paper focuses on the role of institutions in the fight against poverty and inequality. Our view of institutions encompasses formal rules designed by polity (including those in the legal and economics sphere such as rules of property rights, contracts and liabilities) as well as informal...

Persistent link: https://www.econbiz.de/10011514135

Recoupling economic and social prosperity

Lima de Miranda, Katharina; Snower, Dennis J. - 2020

This paper explores a new theoretical and empirical approach to the assessment of human wellbeing, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...

Persistent link: https://www.econbiz.de/10012171696

Inequality and market concentration : new evidence from Australia

Hotchin, Lachlan; Leigh, Andrew - 2024

of market concentration in the industries where Australia's wealthiest made their fortunes. Compared with the economy at …

Persistent link: https://www.econbiz.de/10014470410

Cointegration analysis with mixed-frequency data

Seong, Byeongchan (contributor); Ahn, Sung K. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003496561

Aggregation in large dynamic panels

Pesaran, M. Hashem; Chudik, Alexander - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...

Persistent link: https://www.econbiz.de/10009010169

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