A Simple Approach to Specifying the Weights of the HDI Index

Starting from a representative welfare function, this paper developed a simple method to endogenously specify the weights for the Human Development Index (HDI), and finds that the current equal-weighted HDI significantly biases down the weight of life expectancy. The weights proposed by this study may more properly reflect the humancentered development of the HDI.

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Year of publication:	2012
Authors:	Yu, Xiaohua
Publisher:	Göttingen : Georg-August-Universität Göttingen, Courant Research Centre - Poverty, Equity and Growth (CRC-PEG)
Subject:	HDI \| Weights \| Welfare Function \| Ranking

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Series:	Discussion Papers ; 115
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	786756764 [GVK] hdl:10419/90467 [Handle] RePEc:got:gotcrc:115 [RePEc]
Classification:	O15 - Human Resources; Income Distribution; Migration ; D6 - Welfare Economics
Source:	EconStor

Persistent link: https://www.econbiz.de/10010329907