IARIW-BOK Conference, Proposed Programme
IARIW-Bank of Korea Conference “Beyond GDP: Past Experiences and Future Challenges in the Measurement of Economic Well-being,” Seoul, Korea, April 26-28, 2017

Updated as of March 27, 2017

All sessions are at the Westin Chosun Seoul


8:00-9:00: Registration, Coffee, and Pastries

9:00-9:30: Opening Remarks

Albert Braakmann (President, International Association for Research in Income and Wealth, and Head of National Accounts and Prices, Federal Statistical Office of Germany)

Lee Ju-Yeol (Governor, Bank of Korea)

9:30-10:30: First Keynote Address

François Bourguignon (Paris School of Economics)

Break 10:30-10:45


Session 1: First Plenary - New Perspectives on Measuring Well-being from National Accountants:

Chair: Susumu Kuwahara (Economic and Social Research Institute, Japan)

“Measuring Material Well-being within the System of National Accounts” Peter Van De Ven, Jorrit Zwijnenburg, and Jennifer Ribarsky (OECD) [Abstract]

“Making Estimates of National Income Better Reflect Economic Well-being: the U.S. Experience” Arnold J. Katz (Bureau of Economic Analysis, United States) [Abstract]

Discussant: Taehyoung Cho (Bank of Korea)

“Measuring Economic Well-being in the UK: Past Experiences and Future Challenges” Richard Tonkin and Dominic Webber (Office for National Statistics, United Kingdom) [Abstract]

12:15-14:00: Lunch


Session 2A: (Concurrent Session) Multidimensional Well-being:

Chair to be Announced

“Multidimensional Welfare Weights: Sources, Determinants and Implications” Lucio Esposito (University of East Anglia, United Kingdom) and Enrica Chiappero-Martinetti (University of Pavia, Italy) [Abstract]

“The Well-being of Nations: A Multidimensional Mixture Distribution Analysis of Poor Nation–Rich Nation Status” Gordon Anderson (University of Toronto), Grazia Pittau (Sapienza University of Rome, Italy), Alessio Farcomeni (Sapienza University of Rome, Italy), and Roberto Zelli (Sapienza University of Rome, Italy) [Abstract]

“Multidimensional Measures of Well-being with Dimensional Hierarchy” Shatakshee Dhongde (Georgia Institute of Technology, United States) [Abstract]

Session 2B (Concurrent Session) Subjective Well-being:

Chair: Helen Heslop (Vienna Institute for International Economic Studies, Austria, retired)

“Measuring Progress with Shared Prosperity using Subjective Well-being Data” Martijn Burger (EHERO, Erasmus University Rotterdam, Netherlands), Elena Ianchovichina (World Bank), Efstratia Arampatzi (EHERO, Erasmus University Rotterdam, Netherlands), Shantayanan Devarajan (World Bank), Ruut Veenhoven (EHERO, Erasmus University Rotterdam, Netherlands), and Caroline Witte (Erasmus University Rotterdam, Netherlands) [Abstract]

“What can Subjective Well-being Research Contribute to Advancing the Study of International Migration?” Martijn Hendriks (EHERO, Erasmus University Rotterdam, Netherlands) [Abstract]

“Income or Consumption: Which Better Predicts Subjective Well-being?” Arthur Grimes and Thomas Carver (Motu Economic and Public Policy Research Trust, New Zealand) [Abstract]

15:30-15:45: Break


Session 3A (Concurrent Session) National Accounts and Well-being:

Chair: Albert Braakmann (Federal Statistical Office of Germany)

“Has the Labour Share Declined? It Depends” Paul Schreyer (OECD), Taehyoung Cho (The Bank of Korea), and Soobin Hwang (The Bank of Korea) [Abstract]

Discussant: Hyunbae Chun (Sogang University, Korea)

“Increasing GDP Relevance and Usefulness in a Changing, Globalising World – Arguments for Measuring a Unique and Complex Food - Human Milk - in GDP” Julie P Smith (Australian National University) [Abstract]

“Bartering for ‘Free’ Information: Implications for Measured GDP and Productivity” Rachel Soloveichik (Bureau of Economic Analysis, United States), Jon Samuels (Bureau of Economic Analysis, United States), and Leonard Nakamura (Federal Reserve Bank of Philadelphia, United States) [Abstract]

“Beyond GDP: Recalling and Rejuvenating Sir Richard Stone’s System of Social and Demographic Statistics” Michael Wolfson (University of Ottawa, Canada) [Abstract]

“The Great Recession and Racial Inequality: Evidence from Measures of Economic Well-being” Thomas Masterson (Levy Economics Institute of Bard College, United States), Ajit Zacharias (Levy Economics Institute of Bard College, United States), Fernando Rios-Avila (Levy Economics Institute of Bard College, United States), and Edward N. Wolff (New York University, United States) [Abstract]

Session 3B (Concurrent Session) Well-being in Korea

Chair to be Announced

“Social Capital and Human Well-being in South Korea” Shiv Kumar (A.S. College, Punjab University, India) [Abstract]

“Baby-Boomers’ Investment in Social Capital: Evidence from the Korean Longitudinal Study of Aging” Jieun Lee (University of Illinois, United States) and Vladimir Hlasny (Ewha Womans University, Korea) [Abstract]

“Are We Mis-Measuring the Happiness Returns to Education and Income? An Analysis of Korean Subjective Well-being” Chris Barrington-Leigh (McGill University, Canada) [Abstract]

Discussant: Joyup Ahn (Korea Labor Institute)

“Household Debt Burden and Household Financial Well-being in Korea” Kyeongwon Yoo (Sanmyung University, Seoul, Korea) [Abstract]

19:00 Conference Dinner

Presentation by Jong-Wha Lee (Korea University)


8:00-9:00: Registration, Coffee, and Pastries

9:00-10:00: Second Keynote Address

Martine Durand (OECD)

10:00-10:15: Break

10:15-12:15: Session 4: Second Plenary - New Approaches to the Well-being Measurement and Uses of Well-being Measures:

Chair to be Announced

“Measuring Consumption-Equivalent Welfare: A Case of South Korea” Ki Young Park (Yonsei University, Korea) and Soohyon Kim (Bank of Korea and Yonsei University, Korea) [Abstract]

“Household Balance Sheets in the Digital Age: What National Accounts can Bring to the Table ‘Beyond GDP’” Claudia Dziobek (IMF) and Thomas Alexander (IMF) [Abstract]

“Introducing MELI: Median Expected Lifetime Income” Jonathan T Andreas (Bluffton University, United States) [Abstract]

“Putting Subjective Well-being to Use for Ex-ante Policy Evaluation” Xavier Jara (University of Essex, United Kingdom) and Erik Schokkaert (University of Leuven, Belgium) [Abstract]

12:15-14:00: Lunch


Session 5A: (Concurrent Session) Construction of Indexes of Well-being:

Chair to be Announced

“The Dimensions of Ordinal Well-being Indexes: Using Orthogonal Weighting with the Kids Count Index” Ross W Knippenberg (American Veterinary Medical Association) [Abstract]

“Composite Indicators as a Tool for Better Understanding of Socio-economic Development” Monica S Nelson Edberg (Statistics Sweden) [Abstract]

“Sustainable Human Development Index—A Pragmatic Proposal for Monitoring Sustainability Within the Affordable Boundaries” Mihail Peleah (United Nations Development Programme) and Andrey Ivanov (European Union Agency for Fundamental Rights) [Abstract]

Session 5B (Concurrent Session) Theory and Measurement of Well-being: The Equality of Opportunity and the Capability Approaches:

Chair to be Announced

“Equality of Opportunity for Well-being” Daniel Mahler (University of Copenhagen, Denmark) and Xavi Ramos (Universitat Autonoma de Bercelona, Spain) [Abstract]

“Inequality of Opportunity in South Korea” Woojin Lee and Jinsoon Cho (Korea University) [Abstract]

“Implementing the Capability Approach with Respect for Individual Valuations: an Illustration with Colombian Data” Blanca Zuluaga (Universidad Icesi, Colombia), Koen Decancq (University of Antwerp, Belgium), and Erik Schokkaert (KU Leuven, Belgium) [Abstract]

15:30-15:45: Break


Session 6A (Concurrent Session): Well-being in India and China:

Chair to be Announced

“Measures, Trends and Determinants of Economic Well-being in India” Protap Mukherjee (Young Lives India) [Abstract]

“Income Inequality and Subjective Well-being in Urban China: Changes in the 2000s” Xiwen Fu (Kobe University, Japan) [Abstract]

“Human Development Achievements by China and India: Why and How is it Different?” Surajit Deb (Aryabhatta College, University of Delhi, India) [Abstract]

Session 6B (Concurrent Session): Methodological Issues in Well-being Measurement

Chair to be Announced

“Welfare Based Measures of Income Insecurity in Fixed Effects Models” Nicholas Rohde (Griffith University, Australia), Kam Ki Tang (University of Queensland, Australia), Conchita D’Ambrosio (University of Luxembourg), Lars Osberg (Dalhousie University, Canada), and Prasada Rao (University of Queensland, Australia) [Abstract]

“Are All Instruments of Well-being Equal?” Lori J Curtis (University of Waterloo, Canada) [Abstract]

“Measuring Well-being: Individual Based Approach” Jan Fidrmuc (Brunel University, United Kingdom), Damián Pastor (Institute for Strategy and Analysis, Government Office of the Slovak Republic), and Katarina Rimegová (Institute for Strategy and Analysis, Government Office of the Slovak Republic) [Abstract]

17:15-18:15: Closing Panel: Future Directions for Research on Well-being Measurement

Chair: Andrew Sharpe (International Association for Research in Income and Wealth)


  • François Bourguignon (Paris School of Economics)
  • Andrea Brandolini (Bank of Italy)
  • Martine Durand (OECD)
  • Lars Osberg (Dalhousie University, Canada)
  • Hak K. Pyo (Seoul National University)

19:00: Farewell Dinner


Excursion to the Demilitarized Zone

8:00: Depart from Westin Chosun Seoul

9:00-12:30: The Third Infiltration Tunnel, Dora Observatory, Dora Station, Imjingak Park

13:00-15:00: Lunch at Italian Restaurant

16:00: Arrival at Westin Chosun Seoul