This week's IGM Economic Experts Panel statements:
A) The association between health and economic growth in poor countries primarily involves faster growth generating better health, rather than the other way around.
B) The decline in the fraction of people with incomes under, say, $1 per day is a good measure of whether well-being is improving amount low-income populations.
Keyword: living standards
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This week’s IGM Economic Experts Panel statement:
The 9% cumulative increase in real US median household income since 1980 substantially understates how much better off people in the median American household are now economically, compared with 35 years ago.
This week’s IGM Economic Experts Panel statement:
Sustained tax and spending policies that boost consumption in ways that reduce the saving rate are likely to lower long-run living standards.
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