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| Author: | Fleurbaey, M. Gaulier, G. |
| Title: | International comparisons of living standards by equivalent incomes |
| Journal: | Scandinavian Journal of Economics
2009 : VOL: 111:3, p. 597-624 |
| Index terms: | country comparisons gross national product OECD social security standard of living |
| Language: | eng |
| Abstract: | This study proposes a measure of living standards for international comparisons. The measure incorporates corrections for international flows of income, labor, risk of unemployment, healthy life expectancy, household demography and inequalities based on GDP per capita. The method for comparing populations that differ in some non-income dimension consists of computing the equivalent variation of income that would make each population indifferent between its current situation and a reference situation with respect to the non-income dimension. |
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