A General Approach to Welfare Measurement through National Income Accounting

Research, Preprint OPEN
Asheim, Geir B.; Buchholz, Wolfgang;
  • Publisher: Center for Economic Studies and Ifo Institute (CESifo) Munich
  • Subject: Volkswirtschaftliche Gesamtrechnung | national income accounting, dynamic welfare | C43 | Soziale Wohlfahrtsfunktion | National income accounting; dynamic welfare | dynamic welfare | national income accounting | O47 | Q01 | Theorie
    • jel: jel:C43 | jel:O47 | jel:Q01
      ddc: ddc:330

We develop a framework for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, e.g., both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of co... View more
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