tag:blogger.com,1999:blog-13378665.post115152776583794163..comments2024-03-01T16:32:41.076+08:00Comments on Sun Bin: Poor people's living standardSun Binhttp://www.blogger.com/profile/08093210384069958083noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13378665.post-1151603854620304782006-06-30T03:57:00.000+10:002006-06-30T03:57:00.000+10:00J,i did not, as my numbers are only 1st order appr...J,<BR/><BR/>i did not, as my numbers are only 1st order approximation. <BR/>it should be factored it, eg, by estimating the healthcare cost (eg using insurance premium), subtract it from GDP, convert into per capita value, and add back to the income of each person. This would raise the income # of the poorest, because the healthcare potion of the GDP is evenly divided (previously it is divided based on weight of each person's income).<BR/><BR/>alternatively, you can use the after-tax income and add back the various government subsidies.Sun Binhttps://www.blogger.com/profile/08093210384069958083noreply@blogger.comtag:blogger.com,1999:blog-13378665.post-1151565994973038402006-06-29T17:26:00.000+10:002006-06-29T17:26:00.000+10:00Very interesting, but how do you factor in non-inc...Very interesting, but how do you factor in non-income contributions to economic well being? Poor people in the UK for instance have full health coverage while those in the US often have none. This is a big difference.J. Otto Pohlhttps://www.blogger.com/profile/07457089758142264049noreply@blogger.com