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An Index of Economic Well-Being for Selected OECD Countries

Osberg, Lars; Sharpe, Andrew - 2014

Per capita gross domestic product (GDP) is a poor indicator of economic well-being. It measures effective consumption poorly (ignoring the value of leisure and of longer life spans) and it also ignores the value of accumulation for the benefit of future generations. Since incomes are uncertain...

Persistent link: https://www.econbiz.de/10014111281