Social indicators and comparisons of living standards

Dowrick, S, Dunlop, Y and Quiggin, J (2003) Social indicators and comparisons of living standards. Journal of Development Economics, 70 1: 501-529. doi:10.1016/S0304-3878(02)00107-4

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Author Dowrick, S
Dunlop, Y
Quiggin, J
Title Social indicators and comparisons of living standards
Journal name Journal of Development Economics   Check publisher's open access policy
ISSN 0304-3878
Publication date 2003
Sub-type Article (original research)
DOI 10.1016/S0304-3878(02)00107-4
Volume 70
Issue 1
Start page 501
End page 529
Total pages 29
Place of publication ACT
Publisher Elsevier
Collection year 2003
Language eng
Subject CX
340213 Economic Development and Growth
720199 Macroeconomic issues not elsewhere classified
Abstract Construction of an international index of standards of living, incorporating social indicators and economic output, typically involves scaling and weighting procedures that lack welfare-economic foundations. Revealed preference axioms can be used to make quality-of-life comparisons if we can estimate the representative household's production technology for the social indicators. This method is applied to comparisons of gross domestic product (GDP) and life expectancy for 58 countries. Neither GDP rankings, nor the rankings of the Human Development Index (HDI), are consistent with the partial ordering of revealed preference. A method of constructing a utility-consistent index incorporating both consumption and life expectancy is suggested. (C) 2003 Elsevier Science B.V. All rights reserved.
Keyword Economics
International Comparisons
Living Standards
Revealed Preference
Social Indicators
Human Development Index
Ideal Afriat Index
Q-Index Code CX

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 21 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 27 times in Scopus Article | Citations
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Created: Wed, 15 Aug 2007, 02:49:18 EST