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Is GDP a Relevant Social Welfare Indicator ? A Savers ‐ Spenders Theory Approach ”
| Content Provider | Semantic Scholar |
|---|---|
| Author | Thibault, Emmanuel |
| Copyright Year | 2016 |
| Abstract | The use of GDP as the main index of progress and welfare of a country has been the subject of a long debate amongst economists. Using and extending the saversspenders theory recently popularized by Mankiw (2000, AER), we analyze the theoretical relationships between GDP and the welfare of a society. This analysis is undertaken using several di erent overlapping generations models which all take into account the great heterogeneity of consumer behavior observed in the data (di erent labor supply choices, di erent degrees of altruism and/or di erent degrees of impatience to consume). The results indicate that GDP (per capita) is often a relevant index and is always a decent social welfare indicator. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://publications.ut-capitole.fr/21981/1/wp_tse_651.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Choice Behavior Guanosine Diphosphate REM Sleep Behavior Disorder Social Welfare |
| Content Type | Text |
| Resource Type | Article |
