From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP)of the United … the authors propose a new approach to international comparisons of real GDP measured from the output side. They modify the … Nations, has sought to compare the standard of living of individuals in different countries. That is, the termreal GDP per …

With the recent release of the 2011 purchasing power parity (PPP) data from the International Comparison Program (ICP … previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … world. This paper presents evidence that if the global poverty line is updated with the 2011 PPP data based on the same set …

efficiently reduce their consequences for wellbeing by making the population more resilient …

concerns that have received insufficient attention, including the choice of covariates, survey design issues, measurement …

covering more than 100 countries around the world. Consistent with the happiness results, the paper also finds that relative to … the expense of others. These differences in life satisfaction and other attitudes and values persisted despite the fact …

such empirical heterogeneity. Using a very large sample of world citizens, the author tests the consistency of income … inequality in predicting life satisfaction. The analysis finds that income inequality has a negative and significant effect on … life satisfaction. This result is robust to changes in regressors and estimation choices and also persists across different …