Measuring the Standard of Living: Uncertainty about Its Development

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Title: Measuring the Standard of Living: Uncertainty about Its Development
Authors: Gaertner, Wulf
Xu, Yongsheng
Abstract: Human development is about expanding the choices human beings have to lead lives that they value and is captured by its capability sets which consist of various functioning vectors. The standard of living is then reflected in capability sets. This paper proposes some particular ways of measuring the standard of living available to an agent, be it an individual or a whole country, when the direction of the development of society represented by a reference functioning vector is uncertain. We provide axiomatic characterizations of the proposed measures.
Citations: Beiträge des Fachbereichs Wirtschaftswissenschaften der Universität Osnabrück 08. Osnabrück (2003): 15
Subject Keywords: Functioning; Capability; Uncertainty; Social Progress; Standard of Living
Issue Date: 30-Jul-2003
Type of publication: Beitrag zu einem Periodikum [contributionToPeriodical]
Appears in Collections:FB09 - Hochschulschriften

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