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LIFE EXPECTANCY AND ECONOMIC WELFARE: THE EXAMPLE OF AFRICA IN THE 1990s
Author(s) -
Anderson Gordon
Publication year - 2005
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.1475-4991.2005.00163.x
Subject(s) - life expectancy , welfare , economics , economic welfare , expectancy theory , public economics , development economics , population , sociology , market economy , demography , management
A formulation for incorporating Life expectancy information into empirical economic welfare calculations is presented. In an application analyzing the economic progress of the African continent during the 1990s due consideration of life expectancy factors substantially modifies the conclusions drawn from standard welfare calculations.