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GROWTH AND WELL‐BEING: INTRODUCING DISTRIBUTION‐WEIGHTED GROWTH RATES TO REEVALUATE U.S. POST‐WAR ECONOMIC PERFORMANCE
Author(s) -
Klasen Stephan
Publication year - 1994
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1994.tb00068.x
Subject(s) - economics , income distribution , distribution (mathematics) , order (exchange) , growth rate , econometrics , macroeconomics , development economics , inequality , mathematics , finance , mathematical analysis , geometry
In order to improve on the income growth rate as an indicator of changes in well‐being, four composite indices of growth and income distribution are introduced and compared. When applied to the United