Are Americans better off than they were a decade or two ago?
A blog post for the Brookings Institution cowritten by former Federal Reserve Chairman Ben Bernanke cited a paper published in the September issue of the American Economic Review. In Beyond GDP? Welfare across Countries and Time, authors Charles Jones and Peter Klenow propose a new way to measure economic well-being. The piece was also featured in a column in the Washington Post. See our research highlight for more on the researchers' findings.