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
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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Cites
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Self-citationThe Quantity and Quality of Life and the Evolution of World Inequality
Becker, G. S., Philipson, T. J., & Soares, R. R. (2005) · American Economic Review · doi:10.1257/0002828053828563 · Cited by 840
Macroeconomic Effects From Government Purchases and Taxes *
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Does Income Inequality Lead to Consumption Inequality? Evidence and Theory1
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Country-level social cost of carbon
Ricke, K., Drouet, L., Caldeira, K., & Tavoni, M. (2018) · Nature Climate Change · doi:10.1038/s41558-018-0282-y · Cited by 860
Globalization, inequality and welfare
Antràs, P., de Gortari, A., & Itskhoki, O. (2017) · Journal of International Economics · doi:10.1016/j.jinteco.2017.07.009 · Cited by 181
Slicing the Pie: Quantifying the Aggregate and Distributional Effects of Trade
Galle, S., Rodríguez-Clare, A., & Yi, M. (2017) · doi:10.3386/w23737 · Cited by 111
Trends and Disparities in Subjective Upward Mobility since 1940
Berger, T., & Engzell, P. (2020) · Socius: Sociological Research for a Dynamic World · doi:10.1177/2378023120951139 · Cited by 29
Carleton, T., Jina, A., Delgado, M., Greenstone, M., Houser, T., Hsiang, S., Hultgren, A., Kopp, R. E., McCusker, K. E., Nath, I., et al. (2022) · The Quarterly Journal of Economics · doi:10.1093/qje/qjac020 · Cited by 18
Metadata
- Authors
- Jones, C. I., & Klenow, P. J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- 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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