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The Levy Institute Measure of Economic Well-Being: Estimates for Canada, 1999 and 2005

Levy Economics Institute, Working Paper No. 680

102 Pages Posted: 27 Jul 2011  

Andrew Sharpe

Center for the Study of Living Standards

Alexander Murray

affiliation not provided to SSRN

Benjamin Evans

affiliation not provided to SSRN

Elspeth Hazell

affiliation not provided to SSRN

Date Written: July 26, 2011

Abstract

This report presents estimates of the Levy Institute Measure of Economic Well-Being (LIMEW) for a representative sample of Canadian households in 1999 and 2005. The results indicate that there was only modest growth in the average Canadian household’s total command over economic resources in the six years between 1999 and 2005. Although inequality in economic well-being increased slightly over the 1999-2005 period, the LIMEW was more equally distributed across Canadian households than more common income measures (such as after-tax income) in both 1999 and 2005. The median household’s economic well-being was lower in Canada than in the United States in both years.

Keywords: Well-being, Inequality, Income, Wealth, Government Expenditure, Household Production, LIMEW, (Canada)

JEL Classification: D13, D31, D63

Suggested Citation

Sharpe, Andrew and Murray, Alexander and Evans, Benjamin and Hazell, Elspeth, The Levy Institute Measure of Economic Well-Being: Estimates for Canada, 1999 and 2005 (July 26, 2011). Levy Economics Institute, Working Paper No. 680. Available at SSRN: https://ssrn.com/abstract=1895637 or http://dx.doi.org/10.2139/ssrn.1895637

Andrew Sharpe (Contact Author)

Center for the Study of Living Standards ( email )

Ottawa, Ontario K1P 5B5
Canada

Alexander Murray

affiliation not provided to SSRN ( email )

Benjamin Evans

affiliation not provided to SSRN ( email )

Elspeth Hazell

affiliation not provided to SSRN ( email )

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