Multivariate Measures of Well-Being and an Analysis of Inequality in the Michigan Data
多维福祉度量与密歇根调查数据的不平等分析
We demonstrate a multidimensional approach for combining several indicators of well-being, including the traditional money-income indicators. This methodology avoids the difficult and much criticized task of computing imputed incomes for such indicators as net worth and schooling. Inequality in the proposed composite measures is computed using relative inequality indexes that permit simple analysis of both the contribution of each welfare indicator (and its factor…