The definition and measurement of economic well-being is receiving growing attention, both in academic research and policy agenda, as a key issue to provide a solid basis for decision-making at all levels, both national and local. There is general agreement among economists and policy-makers...

The paper provides an examination into the measures of multidimensional inequality proposed in the past few years, their properties and majorization criteria. It offers a generalisation of Bourguignon index proposed so that it includes Tsui measures (1999) while preserving the virtues of...

This paper develops an Index of Economic Well-being (IEWB) for the United States, the United Kingdom, Canada, Australia, Germany, Norway and Sweden for the period 1980 to 2001 which recognizes four components: Current effective per capita consumption flows; Net societal accumulation of stocks of...

In this chapter, Lars Osberg and Andrew Sharpe provide an overview of trends in a number of dimensions of economic well-being (consumption flows, stocks of wealth, income equality, and economic security) from the lens of the Index of Economic Well-being, a new composite measure of economic...