Poverty-Adjusted Life Expectancy : A Consistent Index of the Quantity and the Quality of Life
Poverty and mortality are arguably the two major sources of loss of well-being. Most mainstream measures of human development capturing these two dimensions aggregate them in an ad-hoc and controversial way. This paper develops a new index aggregat...
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099826507292238069/IDU0dcf0c5150431e048e30af2b01041f1ae62d3 http://hdl.handle.net/10986/37790 |
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okr-10986-377902022-08-02T05:10:50Z Poverty-Adjusted Life Expectancy : A Consistent Index of the Quantity and the Quality of Life Baland, Jean-Marie Cassan, Guilhem Decerf, Benoit WELL-BEING INDEX HUMAN DEVELOPMENT INDEX MULTIDIMENSIONAL POVERTY POVERTY MORTALITY POVERTY-ADJUSTED LIFE EXPECTANCY INDEX COUNTRY COMPARISON Poverty and mortality are arguably the two major sources of loss of well-being. Most mainstream measures of human development capturing these two dimensions aggregate them in an ad-hoc and controversial way. This paper develops a new index aggregating the poverty and the mortality observed in a given period in a consistent way. It is called the poverty-adjusted life expectancy index. This index is based on a single normative parameter that transparently captures the trade-off between well-being losses from being poor or from being dead. The paper first shows that the poverty-adjusted life expectancy index follows naturally from an expected life-cycle utility approach a la Harsanyi. The paper then proceeds to empirical comparisons between countries and across time and focuses on situations in which poverty and mortality provide conflicting evaluations. Once it is assumed that being poor is (at least weakly) preferable to being dead, the analysis finds that about a third of these conflicting comparisons can be unambiguously ranked by the poverty-adjusted life expectancy index. Finally, the paper shows that this index naturally defines a new and simple index of multidimensional poverty, the expected deprivation index. 2022-08-01T13:55:54Z 2022-08-01T13:55:54Z 2022-07 Working Paper http://documents.worldbank.org/curated/en/099826507292238069/IDU0dcf0c5150431e048e30af2b01041f1ae62d3 http://hdl.handle.net/10986/37790 English en Policy Research Working Papers;10133 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English English |
| topic |
WELL-BEING INDEX HUMAN DEVELOPMENT INDEX MULTIDIMENSIONAL POVERTY POVERTY MORTALITY POVERTY-ADJUSTED LIFE EXPECTANCY INDEX COUNTRY COMPARISON |
| spellingShingle |
WELL-BEING INDEX HUMAN DEVELOPMENT INDEX MULTIDIMENSIONAL POVERTY POVERTY MORTALITY POVERTY-ADJUSTED LIFE EXPECTANCY INDEX COUNTRY COMPARISON Baland, Jean-Marie Cassan, Guilhem Decerf, Benoit Poverty-Adjusted Life Expectancy : A Consistent Index of the Quantity and the Quality of Life |
| relation |
Policy Research Working Papers;10133 |
| description |
Poverty and mortality are arguably
the two major sources of loss of well-being. Most mainstream
measures of human development capturing these two dimensions
aggregate them in an ad-hoc and controversial way. This
paper develops a new index aggregating the poverty and the
mortality observed in a given period in a consistent way. It
is called the poverty-adjusted life expectancy index. This
index is based on a single normative parameter that
transparently captures the trade-off between well-being
losses from being poor or from being dead. The paper first
shows that the poverty-adjusted life expectancy index
follows naturally from an expected life-cycle utility
approach a la Harsanyi. The paper then proceeds to empirical
comparisons between countries and across time and focuses on
situations in which poverty and mortality provide
conflicting evaluations. Once it is assumed that being poor
is (at least weakly) preferable to being dead, the analysis
finds that about a third of these conflicting comparisons
can be unambiguously ranked by the poverty-adjusted life
expectancy index. Finally, the paper shows that this index
naturally defines a new and simple index of multidimensional
poverty, the expected deprivation index. |
| format |
Working Paper |
| author |
Baland, Jean-Marie Cassan, Guilhem Decerf, Benoit |
| author_facet |
Baland, Jean-Marie Cassan, Guilhem Decerf, Benoit |
| author_sort |
Baland, Jean-Marie |
| title |
Poverty-Adjusted Life Expectancy : A Consistent Index of the Quantity and the Quality of Life |
| title_short |
Poverty-Adjusted Life Expectancy : A Consistent Index of the Quantity and the Quality of Life |
| title_full |
Poverty-Adjusted Life Expectancy : A Consistent Index of the Quantity and the Quality of Life |
| title_fullStr |
Poverty-Adjusted Life Expectancy : A Consistent Index of the Quantity and the Quality of Life |
| title_full_unstemmed |
Poverty-Adjusted Life Expectancy : A Consistent Index of the Quantity and the Quality of Life |
| title_sort |
poverty-adjusted life expectancy : a consistent index of the quantity and the quality of life |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099826507292238069/IDU0dcf0c5150431e048e30af2b01041f1ae62d3 http://hdl.handle.net/10986/37790 |
| _version_ |
1764487888628613120 |