TITLE

Growth, Inequality, and Well-Being: Intertemporal and Global Comparisons

AUTHOR(S)
Grü, Carola; Klasen, Stephan
PUB. DATE
December 2003
SOURCE
CESifo Economic Studies;2003, Vol. 49 Issue 4, p617
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
We use several well-being measures that combine average income with a measure of inequality to undertake intertemporal and global comparisons of well-being. The conclusions emerging from the intertemporal analysis are that the impact of these measures on temporal trends in well-being is relatively small on average, but changing across the decades. In particular, it suggests that changes in well-being were understated in the 1960 s and 197 0s and overstated in the 1980 s and 1990s. Our global analysis covering ca. 81 per cent of the world's population demonstrates that global well-being is at least 5 0 per cent smaller than world per capita income if the unequal income distribution is also factored in. Conversely, growth in world well-being has been larger than world income growth between 197 0-1998. Since the inclusion of ine-quality has an important impact on well-being comparisons, it is of great importance to generate more consistent and intertemporally as well as internationally comparable data on inequality. (JEL I31, D63).
ACCESSION #
12668615

 

Related Articles

  • ECONOMIC DEVELOPMENT AND ITS EFFECTS ON INCOME DISTRIBUTION IN DEVELOPING AND DEVELOPED COUNTRIES. Haque, Mohammed Ohidul // Actual Problems of Economics / Aktual'ni Problemi Ekonomìki;Apr2011, Vol. 118 Issue 4, p301 

    This paper investigates the progress of economic development and its effects on income distribution in Bangladesh (developing) country and Australia (developed one) during 1970-2005. It is found that both countries made good economic development during this period based on a number of criteria...

  • The GNP Machine. Barnes, Peter // New Republic;9/30/72, Vol. 167 Issue 12, p18 

    Focuses on issues related to the distribution of the gross national product in the U.S. Overview of the productive capacity of the U.S. economy; Assessment of the per capita distribution of income; Reference to a study conducted by professors Lester C. Thurow and Robert Lucas on average income...

  • Income distribution trends in Brazil and China: Evaluating absolute and relative economic growth. Coes, Donald V. // Quarterly Review of Economics & Finance;May2008, Vol. 48 Issue 2, p359 

    Abstract: Over the past two decades real per capita income has increased significantly in Brazil and spectacularly in China. Relative inequality in the distribution of income, however, has remained high in Brazil and has worsened in China. This paper uses a “stochastic dominance”...

  • Son iki yüzyılda Türkiye de gelirin bölüşümü. Pamuk, Şevket // Middle East Technical University Studies in Development;Aug2013, Vol. 40 Issue 2, p297 

    This paper aims to study the long term trends in income distribution within the borders of present day Turkey from 1820 to 2010. In the absence of detailed evidence on income distribution, we employ three simple and easily obtainable indices and try to develop intertemporal comparisons. One of...

  • La Península Ibérica, Europa y la modernidad (1955-1975). RODA, FEDERICO MARTÍNEZ // Espacio, Tiempo y Forma. Serie V, Historia Contemporánea;2013, Issue 25, p89 

    This article addresses the modernization, mostly economic, of the two Iberian countries. It shows the similarities of the process: anticommunists and pro-Western authoritarian regimes, accelerated economic growth right after the end of autarchy, difficult relations with the EEC, and also the...

  • TURÄ°ZM - EKONOMÄ°K BÃœYÃœME Ä°LÄ° ÅžKÄ°SÄ°: SEKTÖR BAZINDA BÄ°R Ä°NCELEME. Yamak, Nebiye; Tanriöver, Banu; Güneysu, Filiz // Ataturk University Journal of Economics & Administrative Science;2012, Vol. 26 Issue 2, p205 

    The purpose of this paper is to investigate the effects of tourism incomes on economic growth. For this purpose, short and long run effects of total and per capita tourism income on real GNP, agriculture, industry, and service sectors have been tested. Granger (1969) causality test has been used...

  • ECONOMY.  // Background Notes on Countries of the World: Honduras;Dec2008, p7 

    The article presents information on the economy of Honduras. The per capita gross national income of Honduras was 1,635 U.S. dollars, with a 6.3% growth in 2006 and 2007. The country exports assembling textile and apparel goods for re-export to the U.S. The total remittances from Hondurans...

  • Up 6.7 percent in 2007. Fried, Neal // Alaska Economic Trends;Dec2008, Vol. 28 Issue 12, p10 

    The article discusses the growth of per capita income in Alaska for 2007. It cites that the total income of all residents has increased to $1.7 billion or 6.7% compared in 2006. It notes that based from the U.S. Department of Commerce's Bureau of Economic Analysis, Alaska with $40,352 has ranked...

  • Growth, Inequality and Poverty: Some Hard Questions. Kanbur, Ravi // Journal of International Affairs;Spring2005, Vol. 58 Issue 2, p223 

    This article presents the author's commentary on issues related to economic growth, inequality and poverty. The author confines himself on the said issues defined over income, or monetary value of consumption, following standard practice in economics. The said issues are the concerns of the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics