Format du dépôt |
Fichier |
Type de dépôt |
Article dans une revue |
Titre |
en
Well‐being during the Great Recession: new evidence from a measure of multi‐dimensional living standards with heterogeneous preferences*
|
Résumé |
en
We develop a distribution-adjusted welfare measure that aggregates income, unemployment, and longevity using individual weights that reflect heterogeneous preferences. The measure is implemented for 28 OECD countries for 2008–2013 to gauge the welfare effects of the Great Recession. Estimated shadow prices of one percentage point of unemployment and one year of longevity average 3.1 percent and 5.7 percent of household income, respectively. We find that the rate of GDP growth poorly reflects the social cost of the Great Recession. On average, GDP per capita stagnated across OECD countries between 2008 and 2013 while living standards of poor households fell by 5.3 percent annually.
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Auteur(s)
|
Romina Boarini
1
, Marc Fleurbaey
2, 3
, Fabrice Murtin
1
, Paul Schreyer
1
1
OCDE -
Organisation de Coopération et de Développement Economiques = Organisation for Economic Co-operation and Development
( 310903 )
- Organisation for Economic Co-operation and Development (OECD)
2, rue André Pascal 75775 Paris Cedex 16
- France
2
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
-
Université Paris 1 Panthéon-Sorbonne ( 7550 )
;
-
École normale supérieure - Paris ( 59704 )
;
-
Université Paris Sciences et Lettres ( 564132 )
;
-
École des hautes études en sciences sociales ( 99539 )
;
-
École des Ponts ParisTech ( 301545 )
;
-
Centre National de la Recherche Scientifique ( 441569 )
;
-
Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement ( 577435 )
3
PJSE -
Paris Jourdan Sciences Economiques
( 578027 )
- 48 boulevard Jourdan 75014 Paris
- France
-
Université Paris 1 Panthéon-Sorbonne UMR8545 ( 7550 )
;
-
École normale supérieure - Paris ( 59704 )
;
-
Université Paris Sciences et Lettres ( 564132 )
;
-
École des hautes études en sciences sociales ( 99539 )
;
-
École des Ponts ParisTech ( 301545 )
;
-
Centre National de la Recherche Scientifique ( 441569 )
;
-
Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement UMR1393 ( 577435 )
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2022-01
|
Volume |
124
|
Numéro |
1
|
Page/Identifiant |
104-138
|
Public visé |
Scientifique
|
Domaine(s) |
-
Sciences de l'Homme et Société/Economies et finances
-
Sciences de l'Homme et Société/Economies et finances
|
Mots-clés (JEL) |
-
I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I31 - General Welfare, Well-Being
-
I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I31 - General Welfare, Well-Being
-
I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I32 - Measurement and Analysis of Poverty
-
I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I32 - Measurement and Analysis of Poverty
-
J - Labor and Demographic Economics/J.J1 - Demographic Economics/J.J1.J17 - Value of Life • Forgone Income
-
J - Labor and Demographic Economics/J.J1 - Demographic Economics/J.J1.J17 - Value of Life • Forgone Income
-
J - Labor and Demographic Economics/J.J1 - Demographic Economics/J.J1.J18 - Public Policy
-
J - Labor and Demographic Economics/J.J1 - Demographic Economics/J.J1.J18 - Public Policy
-
I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I38 - Government Policy • Provision and Effects of Welfare Programs
-
I - Health, Education, and Welfare/I.I3 - Welfare, Well-Being, and Poverty/I.I3.I38 - Government Policy • Provision and Effects of Welfare Programs
-
I - Health, Education, and Welfare/I.I1 - Health/I.I1.I18 - Government Policy • Regulation • Public Health
-
I - Health, Education, and Welfare/I.I1 - Health/I.I1.I18 - Government Policy • Regulation • Public Health
|
Mots-clés |
en
Beyond GDP, Measurement, Shadow prices, Value of statistical life, Welfare, Well-being, Living standards, Indicator
|
DOI |
10.1111/sjoe.12461 |
UT key WOS |
000730320400001 |