wow-inequalities/02-data/intermediate/wos_sample/b49569103a30341145898bc6422d5606-aitken-andrew/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'Gross Domestic Product (GDP) is often treated as shorthand for national
economic well-being, even though it was never intended to be; it is a
measure of (some) of the marketable output of the economy. This paper
reviews several developments in measuring welfare beyond GDP that were
recently presented at the Economic Statistics Centre of Excellence
(ESCoE) annual conference in May 2019. The papers discussed fall into
three broad areas. First, a significant amount of work has focused on
incorporating information about the distribution of income, consumption
and wealth in the national accounts. Second, the effects of digitisation
and the growth of the internet highlight the potential value in
measuring time use as a measure of welfare. Third, the digital
revolution has spawned many new, often `free'' goods, the welfare
consequences of which are difficult to measure. Other areas, such as
government services, are also difficult to measure. Measuring economic
welfare properly matters because it affects the decisions made by
government and society. GDP does a reasonable job of measuring the
marketable output of the economy (which remains important for some
policies), but it should be downgraded; more attention should be given
to measures that reflect both objective and subjective measures of
well-being, and measures that better reflect the heterogeneity of
peoples'' experiences.'
affiliation: 'Aitken, A (Corresponding Author), Natl Inst Econ \& Social Res, London,
England.
Aitken, A (Corresponding Author), Econ Stat Ctr Excellence ESCoE, London, England.
Aitken, Andrew, Natl Inst Econ \& Social Res, London, England.
Aitken, Andrew, Econ Stat Ctr Excellence ESCoE, London, England.'
author: Aitken, Andrew
author-email: a.aitken@niesr.ac.uk
author_list:
- family: Aitken
given: Andrew
da: '2023-09-28'
doi: 10.1177/002795011924900110
eissn: 1741-3036
files: []
issn: 0027-9501
journal: NATIONAL INSTITUTE ECONOMIC REVIEW
keywords: 'GDP; welfare; inequality; time use; digital economy; economic
measurement'
keywords-plus: INCOME; INEQUALITY; GROWTH
language: English
month: AUG
number: '1'
number-of-cited-references: '66'
pages: R3-R16
papis_id: 37362f14bd04617855233f005b8b7365
ref: Aitken2019measuringwelfare
times-cited: '13'
title: Measuring Welfare Beyond GDP
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000476948500004
usage-count-last-180-days: '3'
usage-count-since-2013: '31'
volume: '249'
web-of-science-categories: Economics
year: '2019'