Inclusive absolute well-being changes: An application with multidimensional cross-country analysis
The world has continued to witness prosperity in terms of poverty reduction and well-being improvement, but one cannot overstate the importance of examining whether the improvement is evenly shared or is being inclusive to all. In this paper, we propose a general quantile-based approach based on absolute changes that allow assessing and robustly examining inclusiveness of well-being for non-monetary indicators that are bounded in nature and can have both attainment and shortfall representations.