Replication data for: Beyond GDP? Welfare across Countries and Time

Name: Replication data for: Beyond GDP? Welfare across Countries and Time
Published: 2016-09-01
License: This work is licensed under an Other license created by the data depositor. Please refer to the LICENSE file, which should be located alongside the project data and documentation.

Principal Investigator(s): View help for Principal Investigator(s) Charles I. Jones; Peter J. Klenow

Version: View help for Version V1

Name	File Type	Size	Last Modified
20110236_data			10/11/2019 11:09:PM
LICENSE.txt	text/plain	14.6 KB	10/11/2019 07:10:PM

Project Citation:

Jones, Charles I., and Klenow, Peter J. Replication data for: Beyond GDP? Welfare across Countries and Time. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112861V1

Project Description

Summary: 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.

Scope of Project

JEL Classification:
      D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
      E21 Macroeconomics: Consumption; Saving; Wealth
      E23 Macroeconomics: Production
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      I12 Health Behavior
      O57 Comparative Studies of Countries

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This work is licensed under an Other license created by the data depositor. Please refer to the LICENSE file, which should be located alongside the project data and documentation.

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