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.Data can be downloaded from the AER website.
Monday, November 5, 2018
Jones-Klenow well-being measure across countries
Constructed by Jones and Klenow (2016). Quote from their abstract: