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Multidimensional indices are becoming increasingly important instruments to assess the well-being of societies. They move beyond the focus on a single indicator and yet, are easy to present and communicate. A crucial step in the construction of a multidimensional index of well-being is the...
Persistent link: https://www.econbiz.de/10008630049
Persistent link: https://www.econbiz.de/10011038597
Multidimensional indices are becoming increasingly important instruments to assess the wellbeing of societies. They move beyond the focus on a single indicator and yet they are easy to present and communicate. A crucial step in the construction of a multidimensional index of wellbeing is the...
Persistent link: https://www.econbiz.de/10010623952
In this paper we investigate the evolution of the inequality in well-being across different countries between 1975 and 2000. We treat well-being as a multidimensional concept focusing on three important dimensions of life: standard of living, health and education. Inequality in the three...
Persistent link: https://www.econbiz.de/10005808038
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...
Persistent link: https://www.econbiz.de/10011246315
We propose a new class of multidimensional poverty indices. To aggregate and weight the different dimensions of poverty, we rely on the preferences of the concerned agents rather than on an arbitrary weighting scheme selected by the analyst. The Pareto principle is, therefore, satisfied among...
Persistent link: https://www.econbiz.de/10011246323
Well-being consists of many dimensions such as income, health and education. A society exhibits greater dependence between its dimensions of well-being when the positions of the individuals in the different dimensions are more aligned or correlated. Differences in dependence may lead to very...
Persistent link: https://www.econbiz.de/10008630058
We compare absolute, relative and intermediate views on the evolution of global inequality between 1980 and 2009. According to the relative view, inequality remains invariant after a uniform proportional change of all incomes whereas the absolute view requires invariance to a uniform change of...
Persistent link: https://www.econbiz.de/10009001071
This paper investigates the evolution of global well-being inequality between 1980 and 2010 based on three dimensions: income, health and education. The inequality of each of these dimensions shows a different pattern over time. To make an overall assessment of the evolution of well-being...
Persistent link: https://www.econbiz.de/10009003764
This paper investigates the evolution of global well-being inequality between 1980 and 2010 based on three dimensions: income, health and education. I compare two different approaches to the measurement of global well-being inequality: a dimension-by-dimension approach and a multidimensional...
Persistent link: https://www.econbiz.de/10009397228