The Consequences of Inequality: A New Measure of Human Development

Marking the 20th anniversary of the Human Development Index (HDI), the United Nations Development Programme (UNDP) has published a revised measure that also accounts for inequality (IHDI). Countries subject to severe social disparities, particularly Central and South American countries, perform worse than under the classic HDI. Even if the revised measure does not yield fundamental changes in ranking, it provides new insights for policy makers and researchers alike.Inequality, Human Development Index (HDI), Multidimensional Welfare Measurement

Index insurance, risk preferences, and deprivation in low-income economies

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