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Croissance économique et bien-être

Abstract : The measurement of social well-being is still a question. We propose a new indicator founded on both “relative” and “absolute” characteristics. The level of aggregated social well-being depend on income distribution (reducing inequality increase social well-being) and on the rate of economic growth (living generations are in a better situation). We have computed the indicator for France, Italy, United States and United Kingdom, during 1950-2000. The increase in social well-being was very large in France and Italy, but stagnate in the recent years. In the United States and United Kingdom, it is still increasing. In these four countries, a 2 % per year growth in real income per capita is required to stabilise the level of well-being. For sustaining a high level of social well-being, the economic policy must aim two goals: a high level of economic growth and a low level of inequality.
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Submitted on : Wednesday, October 20, 2021 - 11:32:44 PM
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Gerard Cornilleau. Croissance économique et bien-être. Revue de l'OFCE, Presses de Sciences Po, 2006, pp.11 - 34. ⟨10.3917/reof.096.0011⟩. ⟨hal-03389316⟩

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