Template-type: ReDIF-Paper 1.0
Author-Name: Avner Offer
Author-Email: avner.offer@nuffield.oxford.ac.uk
Author-Workplace-Name: Nuffield College, Oxford
Title: Economic Welfare Measurements and Human Well-Being
Abstract: GDP per head is not only an economic indicator, but is widely used as a welfare indicator. This use not well founded in economic theory. The paper compares income per head with a three groups of alternative indicators: 'extended national accounts', social indicators, and indicators of subjective well-being. All of these methods indicate a decline in the welfare productivity of GDP goods over time. 
X-Classification-JEL: 
X-Keywords: 
Length: 35 pages
Creation-Date: 2000-01-01
Number: _034
File-URL: http://www.economics.ox.ac.uk/materials/papers/2270/offer34.pdf
File-Format: application/pdf
Handle: RePEc:nuf:esohwp:_034