Social Sciences
4 years ago

New Human Value Index reveals true worth of living in different countries.

RePEc: Research Papers in Economics
The Human Value Index
Christian Zimmermann

Paper Summary

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The Human Value Index (HVI) was created to give a better understanding of how valuable it is to live in different countries. This index looks at income, life expectancy, and education to see how good life is for people in each place. The HVI was compared to the Human Development Index (HDI) to see which one is more useful. The researchers also looked at how fair things are in each country by adjusting for inequality.