Yet, two more revisions to the Human Development Index

• Main Author: Beja, Edsel L, Jr
• Format: text
• Published: Archīum Ateneo 2013
• Subjects: Human Development Index; Inequality-adjusted Human Development Index; Economics; Growth and Development
• Online Access: https://archium.ateneo.edu/economics-faculty-pubs/123; https://www.tandfonline.com/doi/abs/10.1080/07360932.2013.833129
• Institution: Ateneo De Manila University

The Inequality-adjusted Human Development Index (IHDI) was adopted in the 20th anniversary edition of the Human Development Reports, in 2010. In using a penalty set-up for the calculations of the IHDI, however, the results overestimated the adjustments. This article suggests a revision to the procedure in order to harmonize the calculations with the underlying attainment set-up of the Human Development Index and minimize the bias in the adjustments. This article also suggests an extension to the IHDI, specifically the inclusion of a subjective measure of inequality in the calculation of the IHDI.