Beyond GDP
Using healthy lifetime income to trace well-being over time with estimates for 193 countries
Datos Bibliográficos
| ID | 4602020 |
|---|---|
| Autores | Junlai Zhang (0000-0001-6151-6148, Vienna University of Economics and Business), Klaus Prettner (0000-0002-8971-8750, Vienna University of Economics and Business, autor de correspondencia), Simiao Chen (0000-0003-0555-2157, Chinese Academy of Medical Sciences & Peking Union Medical College), David E Bloom (0000-0003-3731-3345, Harvard Global Health Institute) |
| Año | 2023 |
| Volumen | 320 |
| Páginas | 115674 |
| Fecha de publicación | 2023-03-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Social Science & Medicine (JOURNAL) |
| Identificadores de la revista | ISSN: 0277-9536 • E-ISSN: 1873-5347 |
| Editorial | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.socscimed.2023.115674 |
| PMID | 36681057 |
| OpenAlex | W4315853305 |
| Idioma | EN |
| Citas recibidas | 2 |
| Referencias citadas | 32 |
We measure well-being across 193 countries from 1990 to 2019 using a new indicator: healthy lifetime income (HLI). Apart from the income component as captured by standard per capita gross domestic product, HLI incorporates health as a second important component. Overall, HLI can be interpreted as the income of the average person in an economy during the years in which the person is in good health. We show that HLI has particular strengths as compared with other measures such as the Human Development Index. These include requiring only easily accessible data for its construction, having an immediate economic interpretation and unit of measurement, not needing the application of arbitrary weights of subcomponents, and not being bounded from above. As compared with using per capita gross domestic product as a metric for well-being, we find that countries with better population health tend to fare better in the rankings. This provides a rationale for investments in health and helps shift the focus from material well-being (as an instrumental indicator of well-being) toward health (as an intrinsic goal
Demographic economics · Econometrics · Economic growth · Economics · Gross domestic product · Index (typography · Metric (unit · Per capita · Per capita income · Population · Real gross domestic product · Sociology · Computer Science · Demography · Global Health Care Issues · Income, Poverty, and Inequality · Psychological Well-being and Life Satisfaction
Optimum Growth in an Aggregative Model of Capital Accumulation
Measuring objective and subjective well-being
The Quantity and Quality of Life and the Evolution of World Inequality
Beyond GDP? Welfare across Countries and Time
Inequality and the health-care system in the USA
The Value of Life and the Rise in Health Spending
Do People Mean What They Say? Implications for Subjective Survey Data
Global warming has increased global economic inequality
Sigma Convergence versus Beta Convergence
Global non-linear effect of temperature on economic production
What Can Economists Learn from Happiness Research?
On Happiness and Human Potentials
Commodities and capabilities
Development as Freedom
Beyond GDP
The National and Regional Welfare Index (NWI/RWI)
Longevity-induced vertical innovation and the tradeoff between life and growth
Measuring inequalities in health
Measuring Income Inequality Across Countries and Over Time
A Mathematical Theory of Saving
The relationship between physical and mental health
Macro-level efficiency of health expenditure
| Obras citantes distintas | 2 |
|---|---|
| Citas por año | 1 |
| Intervalo de citas | 2024 - 2025 (2) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 2 |