The Economic Burden of Chronic Diseases: Estimates and Projections for China, Japan and South Korea
In: IZA Discussion Paper No. 10896
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In: IZA Discussion Paper No. 10896
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In: Hohenheim discussion papers in business, economics and social sciences Discussion paper 09-2017
In: Vienna yearbook of population research, Band 19, S. 127-140
ISSN: 1728-5305
Per capita GDP has limited use as a well-being indicator because it does notcapture many dimensions that imply a "good life", such as health and equality ofopportunity. However, per capita GDP has the virtues of being easy to interpret andto calculate with manageable data requirements. Against this backdrop, there is aneed for a measure of well-being that preserves the advantages of per capita GDP,but also includes health and equality. We propose a new parsimonious indicatorto fill this gap, and calculate it for 149 countries. This new indicator could beparticularly useful in complementing standard well-being indicators during theCOVID-19 pandemic. This is because (i) COVID-19 predominantly affects olderadults beyond their prime working ages whose mortality and morbidity do notstrongly affect GDP, and (ii) COVID-19 is known to have large effects on inequalityin many countries.
In: NBER Working Paper No. w19335
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In: IZA Discussion Paper No. 7563
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Working paper