misery index


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A measure of a country’s unhappiness, from economist Arthur Okun’s summation of unemployment rates and inflation rates, which assumes that higher unemployment and worsening inflation create socioeconomic costs that translate into misery

misery index

Global village A term for 'how bad things are' in a country; the lower the MI–eg, Denmark = MI of 1, the more content the populace. See Third world.
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The present study is an attempt to analyze the impact of institutional quality and misery index on crime in Pakistan.
Okun~s and Barrcfs Misery Index as an Alternative Poverty Assessment Tool.
Not surprisingly most of the countries in the top 25 are from Africa and Asia with Mali ranked 25th and Zimbabwe topping the list with a misery index score of 103.
The factors that constitute misery index are mainly unemployment, inflation, food supply, education, and the confidence in government.
Crossing that threshold, they conclude, would send the misery index into unchartered territory.
We've developed a shopper misery index," she said, "based on the unemployment rate and other factors.
They find that incorporating the change in house prices in addition to inflation and unemployment in a misery index provides a different picture than the traditional index and that it is particularly useful in analyzing mortgage delinquencies.
The Misery Index is a simple economic concept that adds the unemployment rate and the inflation rate over the preceding 12 months.
The misery index is rising, which means that opportunity for streetsmart managers is likewise rising.
The misery index here in Baghdad is about as high as the temperature in August.
The misery index measures the state of the economy by summing up the inflation rate and the unemployment rate.
Unemployment in Montenegro is at a staggering 30%, putting the country way above the EU in terms of the misery index,' he noted.