TY - RPRT AU - Bloom, David E. AU - Fan, Victoria Y. AU - Kufenko, Vadim AU - Ogbuoji, Osondu AU - Prettner, Klaus AU - Yamey, Gavin TI - Going Beyond GDP with a Parsimonious Indicator: Inequality-Adjusted Healthy Lifetime Income PY - 2020/Feb/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 12963 UR - https://www.iza.org/publications/dp12963 AB - 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. KW - beyond GDP KW - well-being KW - health KW - inequality KW - human development KW - lifetime income ER -