IDEAS home Printed from https://ideas.repec.org/a/lus/zwipol/v67y2018i1p63-100n2.html
   My bibliography  Save this article

Herausforderungen bei der Messung von Wohlfahrt

Author

Listed:
  • Jochimsen Beate

    (Hochschule für Wirtschaft und Recht Berlin, Badensche Str. 52, 10825 BerlinGermany; Forschungsdirektorin für Föderalismusanalyse, Deutsches Institut für Wirtschaftsforschung)

  • Raffer Christian

    (Hertie School of Governance, Friedrichstraße 180, 10117 BerlinGermany; Hochschule für Wirtschaft und Recht Berlin)

Abstract

Triggered by the lively public and academic debate on the gross domestic product as welfare indicator numerous alternative welfare measurements emerged. The identification of an optimal number of indicators is a challenging question: The more indicators are included in the set the more comprehensive welfare can be mapped, thus, the more complicated is the communication of results. We analyze the current linkage of the ten W³-Indicators developed by the German Bundestag. Up to four of those ten indicators could be easily excluded as they are closely correlated with the remaining ones. This result suggests to critically evaluate the number of indicators in various welfare measures on national and international level.

Suggested Citation

  • Jochimsen Beate & Raffer Christian, 2018. "Herausforderungen bei der Messung von Wohlfahrt," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 67(1), pages 63-100, May.
    • Handle: RePEc:lus:zwipol:v:67:y:2018:i:1:p:63-100:n:2
    DOI: 10.1515/zfwp-2018-0002
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/zfwp-2018-0002
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/zfwp-2018-0002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. José De Gregorio & Jong–Wha Lee, 2002. "Education and Income Inequality: New Evidence From Cross‐Country Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 395-416, September.
    2. Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), 2011. "Handbook of the Economics of Education," Handbook of the Economics of Education, Elsevier, edition 1, volume 4, number 4, June.
    3. Kolev, Galina V. & Niehues, Judith, 2016. "The inequality-growth relationship: An empirical reassessment," IW-Reports 7/2016, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    4. Edward Glaeser & Giacomo Ponzetto & Andrei Shleifer, 2007. "Why does democracy need education?," Journal of Economic Growth, Springer, vol. 12(2), pages 77-99, June.
    5. Daron Acemoglu & Simon Johnson, 2007. "Disease and Development: The Effect of Life Expectancy on Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 925-985, December.
    6. Romuald S Kinda, 2010. "Does education really matter for environmental quality?," Economics Bulletin, AccessEcon, vol. 30(4), pages 2612-2626.
    7. Stern, David I., 2004. "The Rise and Fall of the Environmental Kuznets Curve," World Development, Elsevier, vol. 32(8), pages 1419-1439, August.
    8. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
    9. Jaejoon Woo & Manmohan S. Kumar, 2015. "Public Debt and Growth," Economica, London School of Economics and Political Science, vol. 82(328), pages 705-739, October.
    10. Charles I. Jones & Peter J. Klenow, 2016. "Beyond GDP? Welfare across Countries and Time," American Economic Review, American Economic Association, vol. 106(9), pages 2426-2457, September.
    11. Aurelia Bengochea-Morancho & Francisco Higón-Tamarit & Inmaculada Martínez-Zarzoso, 2001. "Economic Growth and CO2 Emissions in the European Union," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(2), pages 165-172, June.
    12. Luca Agnello & Ricardo M. Sousa, 2012. "Fiscall Adjustments and Income Inequality:A First Assessment," NIPE Working Papers 19/2012, NIPE - Universidade do Minho.
    13. Barbara Sianesi & John Van Reenen, 2003. "The Returns to Education: Macroeconomics," Journal of Economic Surveys, Wiley Blackwell, vol. 17(2), pages 157-200, April.
    14. Andrés Rodríguez‐Pose & Vassilis Tselios, 2009. "Education And Income Inequality In The Regions Of The European Union," Journal of Regional Science, Wiley Blackwell, vol. 49(3), pages 411-437, August.
    15. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    16. Marta Pascual & David Cantarero & José María Sarabia, 2005. "Health Policies and Income Inequality Using the European Community Household Panel," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(1), pages 122-122, February.
    17. Baek, Jungho & Gweisah, Guankerwon, 2013. "Does income inequality harm the environment?: Empirical evidence from the United States," Energy Policy, Elsevier, vol. 62(C), pages 1434-1437.
    18. Dee, Thomas S., 2004. "Are there civic returns to education?," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 1697-1720, August.
    19. Riddell, W. Craig & Song, Xueda, 2011. "The impact of education on unemployment incidence and re-employment success: Evidence from the U.S. labour market," Labour Economics, Elsevier, vol. 18(4), pages 453-463, August.
    20. Moshe Hazan, 2012. "Life expectancy and schooling: new insights from cross-country data," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(4), pages 1237-1248, October.
    21. Brunner, Karl & Meltzer, Allan H., 1976. "The Phillips curve," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 1-18, January.
    22. Oded, Galor, 2011. "Inequality, Human Capital Formation, and the Process of Development," Handbook of the Economics of Education, in: Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), Handbook of the Economics of Education, edition 1, volume 4, chapter 0, pages 441-493, Elsevier.
    23. Acemoglu,Daron & Robinson,James A., 2009. "Economic Origins of Dictatorship and Democracy," Cambridge Books, Cambridge University Press, number 9780521671422, November.
    24. Piaggio, Matías & Padilla, Emilio, 2012. "CO2 emissions and economic activity: Heterogeneity across countries and non-stationary series," Energy Policy, Elsevier, vol. 46(C), pages 370-381.
    25. Mario Coccia, 2012. "What are the effects of public debt on innovation and employment growth?," CERIS Working Paper 201206, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    26. Lora, Eduardo & Olivera, Mauricio, 2007. "Public debt and social expenditure: Friends or foes?," Emerging Markets Review, Elsevier, vol. 8(4), pages 299-310, December.
    27. Dae Jin Yi, 2012. "No taxation, no democracy? Taxation, income inequality, and democracy," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 15(2), pages 71-92, June.
    28. P�ter F�ldv�ri & Bas van Leeuwen, 2011. "Should less inequality in education lead to a more equal income distribution?," Education Economics, Taylor & Francis Journals, vol. 19(5), pages 537-554, February.
    29. Biewen, Martin & Juhasz, Andos, 2010. "Understanding Rising Income Inequality in Germany," IZA Discussion Papers 5062, Institute of Labor Economics (IZA).
    30. Banerjee, Abhijit V & Duflo, Esther, 2003. "Inequality and Growth: What Can the Data Say?," Journal of Economic Growth, Springer, vol. 8(3), pages 267-299, September.
    31. Kolev, Galina V. & Niehues, Judith, 2016. "Ist Ungleichheit schlecht für das Wirtschaftswachstum? Eine Neubewertung des Zusammenhangs für Deutschland," IW-Reports 14/2016, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    32. Checherita-Westphal, Cristina & Rother, Philipp, 2012. "The impact of high government debt on economic growth and its channels: An empirical investigation for the euro area," European Economic Review, Elsevier, vol. 56(7), pages 1392-1405.
    33. Perotti, Roberto, 1996. "Growth, Income Distribution, and Democracy: What the Data Say," Journal of Economic Growth, Springer, vol. 1(2), pages 149-187, June.
    34. William D. Nordhaus & James Tobin, 1972. "Economic Research: Retrospect and Prospect, Volume 5, Economic Growth," NBER Books, National Bureau of Economic Research, Inc, number nord72-1, January.
    35. anonymous, 2010. "The economic importance of being educated," Forefront, Federal Reserve Bank of Cleveland, issue Fall, pages 6-9.
    36. Nisreen Salti, 2015. "Income inequality and the composition of public debt," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 42(5), pages 821-837, October.
    37. Torras, Mariano & Boyce, James K., 1998. "Income, inequality, and pollution: a reassessment of the environmental Kuznets Curve," Ecological Economics, Elsevier, vol. 25(2), pages 147-160, May.
    38. Ulrich van Suntum & Oliver Lerbs, 2011. "Theoretische Fundierung und Bewertung alternativer Methoden der Wohlfahrtsmessung," RatSWD Working Papers 181, German Data Forum (RatSWD).
    39. Barro, Robert J, 2000. "Inequality and Growth in a Panel of Countries," Journal of Economic Growth, Springer, vol. 5(1), pages 5-32, March.
    40. Heerink, Nico & Mulatu, Abay & Bulte, Erwin, 2001. "Income inequality and the environment: aggregation bias in environmental Kuznets curves," Ecological Economics, Elsevier, vol. 38(3), pages 359-367, September.
    41. Timothy Besley & Masayuki Kudamatsu, 2006. "Health and Democracy," American Economic Review, American Economic Association, vol. 96(2), pages 313-318, May.
    42. Dae Jin Yi, 2012. "No taxation, no democracy? Taxation, income inequality, and democracy," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 15(2), pages 71-92.
    43. Kai Daniel Schmid & Ulrike Stein, 2013. "Explaining Rising Income Inequality in Germany, 1991-2010," IMK Studies 32-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    44. Sean Becketti, 2013. "Introduction to Time Series Using Stata," Stata Press books, StataCorp LP, number itsus.
    45. Stephen Machin, 2008. "An Appraisal of Economic Research on Changes in Wage Inequality," LABOUR, CEIS, vol. 22(s1), pages 7-26, June.
    46. Mohammad Reza Farzanegan & Gunther Markwardt, 2012. "Pollution, Economic Development and Democracy: Evidence from the MENA countries," MAGKS Papers on Economics 201227, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    47. Nicolas Hérault & Weiping Kostenko & Gary Marks & Rezida Zakirova, 2012. "The effects of macroeconomic conditions on the education and employment outcomes of youth," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 15(1), pages 17-36.
    48. David Cantarero & Marta Pascual & Jose Maria Sarabia, 2005. "Effects of income inequality on population health: new evidence from the european community household panel," Applied Economics, Taylor & Francis Journals, vol. 37(1), pages 87-91.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Schüller Alfred, 2018. "Armut als Ordnungsfrage – Vom Wert des ordnungsökonomischen Denkens," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 69(1), pages 96-134, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Datu Buyung Agusdinata & Rimjhim Aggarwal & Xiaosu Ding, 2021. "Economic growth, inequality, and environment nexus: using data mining techniques to unravel archetypes of development trajectories," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(4), pages 6234-6258, April.
    2. Ghosh, sudeshna, 2017. "Education Attainment Forecasting and Economic Inequality United States," MPRA Paper 89712, University Library of Munich, Germany.
    3. Leandro Prados de la Escosura, 2023. "Inequality Beyond GDP: A Long View," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 69(3), pages 533-554, September.
    4. Sonali Jain-Chandra & Tidiane Kinda & Kalpana Kochhar & Shi Piao & Johanna Schauer, 2019. "Sharing the Growth Dividend: Analysis of Inequality in Asia," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(12), pages 5-28, September.
    5. Onur Özdemir, 2023. "The determinants of income distribution: the role of progress in human capital," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(5), pages 4193-4227, October.
    6. Ralph Hippe & Roger Fouquet, 2024. "The Human Capital Transition and the Role of Policy," Springer Books, in: Claude Diebolt & Michael Haupert (ed.), Handbook of Cliometrics, edition 3, pages 411-457, Springer.
    7. Nicolli, Francesco & Gilli, Marianna & Vona, Francesco, 2022. "Inequality and Climate Change: Two Problems, One Solution?," FEEM Working Papers 329340, Fondazione Eni Enrico Mattei (FEEM).
    8. Bogang Jun & Tai-Yoo Kim, 2017. "Non-financial hurdles for human capital accumulation: landownership in Korea under Japanese rule," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 11(1), pages 63-92, January.
    9. Yang, Xiaoliang & Zhou, Peng, 2022. "Wealth inequality and social mobility: A simulation-based modelling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 196(C), pages 307-329.
    10. Martin Ravallion, 2013. "The Idea of Antipoverty Policy," NBER Working Papers 19210, National Bureau of Economic Research, Inc.
    11. Adam, Antonis & Kammas, Pantelis & Lapatinas, Athanasios, 2015. "Income inequality and the tax structure: Evidence from developed and developing countries," Journal of Comparative Economics, Elsevier, vol. 43(1), pages 138-154.
    12. Nobuhiro Mizuno & Katsuyuki Naito & Ryosuke Okazawa, 2017. "Inequality, extractive institutions, and growth in nondemocratic regimes," Public Choice, Springer, vol. 170(1), pages 115-142, January.
    13. Ademola Obafemi Young, 2019. "Growth Impacts of Income Inequality: Empirical Evidence From Nigeria," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(3), pages 226-262, December.
    14. Philip Nel, 2006. "When Can the Rabble Redistribute? Democratization and Income Distribution in Low- and Middle-income Countries," Working Papers 43, ECINEQ, Society for the Study of Economic Inequality.
    15. Tsun Se Cheong & Guanghua Wan & David Kam Hung Chui, 2022. "Unveiling the Relationship between Economic Growth and Equality for Developing Countries," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(5), pages 1-28, September.
    16. Stefanescu, Răzvan & Dumitriu, Ramona, 2015. "Creşterea economică a României între 1980 şi 2013 [The Economic Growth of Romania between 1980 and 2013]," MPRA Paper 61592, University Library of Munich, Germany.
    17. Ünal Töngür & Adem Yavuz Elveren, 2016. "The impact of military spending and income inequality on economic growth in Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(3), pages 433-452, June.
    18. Marta Simões & João Andrade & Adelaide Duarte, 2013. "A regional perspective on inequality and growth in Portugal using panel cointegration analysis," International Economics and Economic Policy, Springer, vol. 10(3), pages 427-451, September.
    19. Arsham Reisinezhad, 2018. "Economic Growth and Income Inequality in Resource Countries: Theory and Evidence," Working Papers halshs-01707976, HAL.
    20. João Gabriel Fidalgo & Marta Simões & Adelaide Duarte, 2010. "Mind the Gap: Education Inequality at the Regional Level in Portugal, 1986-2005," Notas Económicas, Faculty of Economics, University of Coimbra, issue 32, pages 22-43, December.

    More about this item

    Keywords

    Welfare measurement; gross domestic product; W³-Indicators; correlation and factor analysis; Wohlfahrtsmessung; BIP; W³-Indikatoren; Korrelations- und Faktoranalysen; Welfare measurement; gross domestic product; W³-Indicators; correlation and factor analysis;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • D6 - Microeconomics - - Welfare Economics
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • Y1 - Miscellaneous Categories - - Data: Tables and Charts

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lus:zwipol:v:67:y:2018:i:1:p:63-100:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.