Policymakers need better information regarding wellbeing inequality to ascertain the contributing factors and to determine whether policy has been successful in improving the spread over time. In this paper, we construct a multidimensional composite wellbeing measure, at a micro level, which includes “economic and non-economic” and “objective and subjective measures” of wellbeing. We use NIDS data spanning the period 2008 – 2015. We compare the results on measuring wellbeing inequality using the composite index and income.
This paper sets out to establish an empirical link between education and property rights. The analysis is based on a new index of property rights derived from a set of commonly used indicators. As expected, education has a generally positive impact on property rights. But the relationship is not linear. The effect also depends on level of income. More education might not always be good for property rights in lowincome countries.