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Abstract

This paper builds a Perceived Human Development Index (PHDI) by assembling HDI components, namely indicators on income, health and education on a subjective version using the Gallup World Poll microdata. We study how perceptions on individual’s satisfaction are related to their objective counterparts. We also emphasize impacts of income and age providing insights about the transmission mechanism of key social policy ingredients into perceptions. The so-called PHDI provides a complementary subjective reference to the HDI. Finally, we study the relative importance given to income vis-à-vis health and education using life satisfaction. This helps to reveal HDI components “true” relative weights.

Keywords

Human development index Income Health Education Life satisfaction 

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Copyright information

© Springer Science+Business Media Dordrecht 2016

Authors and Affiliations

  1. 1.Center for Social Policies/Getulio Vargas Foundation (CPS/FGV) and EPGE/FGVRio de JaneiroBrazil

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