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Cited by 544

The DOI matches its Crossref record; 23 of the 23 references it cites were found in a registry or an index.

Beyond GDP? Welfare across Countries and Time

Jones, Charles I., Klenow, Peter J.·2016·American Economic Review

Abstract

We propose a summary statistic for the economic well-being of people in a country. Our measure incorporates consumption, leisure, mortality, and inequality, first for a narrow set of countries using detailed micro data, and then more broadly using multi-country datasets. While welfare is highly correlated with GDP per capita, deviations are often large. Western Europe looks considerably closer to the United States, emerging Asia has not caught up as much, and many developing countries are further behind. Each component we introduce plays a significant role in accounting for these differences, with mortality being most important. (JEL D63, E21, E23, E24, I12, O57)

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Metadata

Authors
Jones, C. I., & Klenow, P. J.
Venue
American Economic Review
Published
2016-09-01
Volume
106
Issue
9
Pages
2426-2457
ISSN
0002-8282 (ISSN-L)
OpenAlex
W3122899604
Cited by
544
References
23
FWCI
122.90
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Beyond GDP? Welfare across Countries and Time. https://app.cochat.ai/papers/10.1257/aer.20110236
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Jones, C. I., & Klenow, P. J. (2016). Beyond GDP? Welfare across Countries and Time. American Economic Review. https://doi.org/10.1257/aer.20110236

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