%0 Report %A Bloom, David E. %A Fan, Victoria Y. %A Kufenko, Vadim %A Ogbuoji, Osondu %A Prettner, Klaus %A Yamey, Gavin %T Going Beyond GDP with a Parsimonious Indicator: Inequality-Adjusted Healthy Lifetime Income %D 2020 %8 2020 Feb %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 12963 %U https://www.iza.org/publications/dp12963 %X Per capita GDP has limited use as a well-being indicator because it does not capture many dimensions that imply a "good life," such as health and equality of opportunity. However, per capita GDP has the virtues of easy interpretation and can be calculated with manageable data requirements. Against this backdrop, a need exists 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 indicator to fill this gap and calculate it for 149 countries. %K beyond GDP %K well-being %K health %K inequality %K human development %K lifetime income