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Growth, Inequality 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/10010324182

Growth, Inequality, and Well-Being: Intertemporal and Global Comparisons

Grün, Carola; Klasen, Stephan - 2003

. Our global analysis covering ca. 81 per cent of the world's population demonstrates that global well-being is at least 50 … per cent smaller than world per capita income if the unequal income distribution is also factored in. Conversely, growth … in world well-being has been larger than world income growth between 1970-1998. Since the inclusion of inequality has an …

Persistent link: https://www.econbiz.de/10010324183