This paper studies the time series behavior of a set of widely-used social indicators and uncovers two important stylized facts. First, not all social indicators are created equal in terms of the importance of cyclical fluctuations. While some social indicators such as the unemployment rate and monetary poverty show large cyclical fluctuations, other social measures such as the Human Development Index are, by construction, dominated by long-run trends...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2022/06/30
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Рабочий документ в рамках исследования вопросов политики
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WPS10115
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1
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2022/06/30
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Disclosed
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Fooled by the Cycle : Permanent versus Cyclical Improvements in Social Indicators
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