The Quality of Life and Per Capita Income in the United States

Although per capita income (PCY) has traditionally been used to measure the economic and physical wellbeing of individuals with? in a region, its limitations as a measure of are well known. N. Terleckyj in a paper on U. S. quality of life (QOL) pre? pared for the 1977 Joint Economic Committee addresses the issue by noting that measurement of the quality of life by income or consump? tion or any combination of economic criteria alone is insufficient be? cause it leaves out important personal, social, and environmental conditions . . . which cannot be included in a meaningful way in in? come and other economic indicators. [Terleckyj, p. 28] As a result, alternative measures of economic welfare have been proposed in the literature, including a physical quality of life index (PQLI) which was proposed as a life quality measure for 150 nations in a 1977 study. [Sewell and O. D. C] The ODC index combines three variables ? life expectancy, infant mortality, and literacy ? into an equally weighted composite PQLI. According to the ODC the PQLI may be used to complement income per capita in measuring societal welfare. It comments [Sewell and O. D. C, p. 147]

Agricultural economics · Development economics · Economics · Per capita · Per capita income · Physics · Quality (philosophy) · Sociology · Demography · Economic, Social, and Health Studies · Economics of Agriculture and Food Markets · Global Health Care Issues

• Economic Growth, Quality of Life, and Development Policy

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