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 …

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 …

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 …

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 …

This paper provides up-to-date characterization of the association between trade and GDP comovement -- also called the … GDP correlation, either directly through bilateral trade, or indirectly when two countries trade with similar partners …. This trade network effect is strong for countries in all income groups and provides an additional channel through which GDP …