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.
Featured Image
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.
Perspectives
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.
Professor Simon Medcalfe
Augusta University
Read the Original
This page is a summary of: Economic Well-Being in U.S. Metropolitan Statistical Areas, Social Indicators Research, September 2017, Springer Science + Business Media,
DOI: 10.1007/s11205-017-1755-5.
You can read the full text:
Contributors
The following have contributed to this page
