Grün, Carola; Klasen, Stephan - 2000 - Draft as of November 27, 2000
In this paper we use several well-being measures that combine average income with a measure of inequality to undertake … ranking of countries, when compared to rankings based on real incomes. Due to low inequality and moderate income levels …, socialist countries enjoyed relatively high levels of economic well-being. In the transition process, rising inequality and …