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Valuation and evaluation: measuring the quality of life and evaluating policy (Inglês)

This paper is about measuring social well-being and evaluating policy. The analysis is motivated by the frequent need to make welfare comparisons across time and communities. A distinction is drawn between current well-being and sustainable well-being. It is argued that a set of five indices, consisting of private consumption per head, life expectancy at birth, literacy, and indices of civil and political liberties, taken together, are a reasonable approximation for the purpose in hand. The examples are designed to demonstrate how recent advances in the understanding of general resource allocation mechanisms and of environmental and resource economics can be incorporated in a systematic way into what are currently the best-practice policy evaluation techniques.


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    Valuation and evaluation: measuring the quality of life and evaluating policy

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    life expectancy at birth;political liberty;standard of living;social cost-benefit analysis;private consumption;civil liberty;primary health-care;depreciation of capital assets;living standard;state of mind;net national product;infant survival rate;public policy;per capita gnp;indices of health;wealth of nation;real disposable income;infant mortality rate;per capita income;conception of citizenship;measure of inequality;Rule of Law;average living standard;primary health care;fear of reprisals;expenditures on health;social welfare function;quality of health;annual interest rate;correlation coefficient;civil rights;net investment;national income;discount value;political right;Economic Policy;cross-country comparison;development policy;socio-economic indicator;rank correlation;aggregate measure;country ranking;linear function;weighting system;net change;natural capital;government expenditure;average citizen;evaluation technique;



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