Economic Well-Being in U.S. Metropolitan Statistical Areas

  • Simon Medcalfe
  • Social Indicators Research, September 2017, Springer Science + Business Media
  • DOI: 10.1007/s11205-017-1755-5

What is it about?

Economists traditionally measure well-being with real GDP per Capita but this has well known drawbacks. An economic well-being index is created for U.S. Metro areas for a better measure of quality of life in MSAs. Comparison can be made across MSAs, over time, and with real GDP per capita to better understand economic well-being in U.S. MSAs.

Why is it important?

Research on alternative measures of economic well-being have centered on national economies. This is the first paper to build on this relatively new area of research and apply it to metropolitan areas.


Professor Simon Medcalfe
Augusta University

Augusta Georgia where I live and work at Augusta University had the second largest improvement in economic well-being between 2007 and 2012. Allentown-Bethlehem-Easton, where i got my PhD at Lehigh University, had the third largest improvement.

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