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Tuesday, April 24 • 11:35am - 11:55am
The Ubuntu Index: An Indicator Of Prosperity Within The United States

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This research intends to rethink the approach to economic indices and create a composite indicator according to a shared sense of prosperity. The Ubuntu Index strives to be an all-encompassing measure of human prosperity by combining traditional economic measurements of prosperity with crucial but often overlooked measures. The composite indicator is for the 50 states of the US based on data from 2014. Called the “Ubuntu Index” (Ubuntu: “humanity towards others”), the index combines income per capita with overlooked aspects of well-being. To do this, the Ubuntu Index includes five dimensions: income, income equality, health, happiness, and environment. The construction of the index is based on a strong ten-step methodological framework developed by the OECD. In this ten-step process, the index is discussed from theoretical framework all the way through the data analysis and results. The index is built and analyzed using transparent statistical methods, and these methods are compared to other indices to push discussion about the use of composite indicators to measure well-being in the future. The Ubuntu Index is preceded by other composite indices, such as the Human Development Index, that have combined individual indicators in an attempt to better portray growth and development.

Tuesday April 24, 2018 11:35am - 11:55am PDT
035 Karpen Hall

Attendees (1)