Abstract
AbstractThis chapter's aim is to determine how best to measure economic well-being in order to understand better the relationship between economic well-being and health. It argues that an index of a society's economic well-being should include four components: current effective per capita consumption flows, net societal accumulation of stocks of productive resources, income distribution, and economic security. The chapter develops such an index for selected OECD countries and compares trends in economic well-being according to this index to trends in GDP per capita—the most commonly used measure of economic well-being. It concludes with a discussion of why the connection between health and economic well-being might be stronger than the relationship between health and GDP per capita.
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