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Beyond GDP: Using Equivalent Incomes to Measure Well-Being in Europe

Decancq, Koen ; Schokkaert, Erik

Social indicators research, 2016-03, Vol.126 (1), p.21-55 [Periódico revisado por pares]

Dordrecht: Springer Science + Business Media

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Título:
Beyond GDP: Using Equivalent Incomes to Measure Well-Being in Europe
Autor: Decancq, Koen ; Schokkaert, Erik
Assuntos: Employment ; Europe ; Happiness ; Health ; Health services ; Human Geography ; Income ; Income distribution ; Inequality ; Measurement ; Microeconomics ; Public Health ; Quality of life ; Quality of Life Research ; Social Indicators ; Social progress ; Social research ; Social Sciences ; Sociology ; Statistical Data ; Studies ; Sustainability ; Sustainable Development ; Well being
É parte de: Social indicators research, 2016-03, Vol.126 (1), p.21-55
Notas: ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
Descrição: It has become widely accepted that focusing exclusively on income growth may lead to a too narrow-sighted measure of changes in well-being. People care about other dimensions of life, such as their health, employment, social interactions and personal safety. Moreover, an exclusive focus on income growth remains blind to the distribution of income and well-being in the society. We propose therefore a set of five principles for a richer measure of well-being. In particular, we advocate the use of a measure based on “equivalent incomes”, which satisfies these principles. We discuss and illustrate how this equivalent income approach can be implemented in Europe, using the ESS data for 2008 and 2010. We find that introducing inequality aversion and including other dimensions in the analysis leads to a remarkably different perspective on the growth of well-being in Europe.
Editor: Dordrecht: Springer Science + Business Media
Idioma: Inglês

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Beyond GDP: Using Equivalent Incomes to Measure Well-Being in Europe

Decancq, Koen ; Schokkaert, Erik

Dordrecht: Springer Science + Business Media

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