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A Simple Approach to Specifying the Weights of the HDI Index

Author

Listed:
  • Xiaohua Yu

    (Georg-August-University Göttingen)

Abstract

Starting from a representative welfare function, this paper developed a simple method to endogenously specify the weights for the Human Development Index (HDI), and finds that the current equal-weighted HDI significantly biases down the weight of life expectancy. The weights proposed by this study may more properly reflect the humancentered development of the HDI.

Suggested Citation

  • Xiaohua Yu, 2012. "A Simple Approach to Specifying the Weights of the HDI Index," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 115, Courant Research Centre PEG.
    • Handle: RePEc:got:gotcrc:115
    as

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    File URL: http://www2.vwl.wiso.uni-goettingen.de/courant-papers/CRC-PEG_DP_115.pdf
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    More about this item

    Keywords

    HDI; Weights; Welfare Function; Ranking;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • D6 - Microeconomics - - Welfare Economics

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