misery index


Also found in: Dictionary, Financial, Encyclopedia, Wikipedia.
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.
Mentioned in ?
References in periodicals archive ?
A higher Misery Index score reflects a higher level of "misery", and it's a simple enough metric that a busy president, without time for extensive economic briefings, can understand at a glance.
The present study is an attempt to analyze the impact of institutional quality and misery index on crime in Pakistan.
The misery index is the sum of the unemployment rate, lending rate, and the inflation rate minus the percentage change in real GDP per capita.
What's amazing is that the correlation discrepancy between the unemployment rate and total employment traces back before Reagan's Misery Index. And yet, government bureaucrats and the popular media have continually cited the unemployment rate as some sort of viable indicator of our economy.
Dubai will do the 'Expo' for WEIF, and the event will (hopefully) raise issues/address in the 'misery index,' and not just focus on '...
The IDT approach was used during wartime (drop in fighting and in number of deaths and casualties, progress toward resolving the conflict), and in peace (drop in crime rate, drop in violent death index, decrease of misery index, drop in unemployment, rise in a quality of life index).
Misery Index Corrected by Informality: Applicable to Venezuela
Forbes isolated nine factors that everyone knows make men miserable, and weighted them equally, creating a "misery index" on which to arrange the top 200 metro areas by population.
But last week Business Insider, the New York based technology and business news website, came out with the 2013 Misery Index, which lists the 25 most miserable countries in the world.
I might not attract many recruits this way, but I can dangle this tantalizing offer: New York Times bestsellers with misery index of 30 percent or more will not be considered.
Taipei, April 17, 2012 (CENS) -- Taiwan's misery index posted at 5.3% in 2011, at the same level of Singapore and lower than those of most other Asian economies including South Korea, Japan, Hong Kong and China, according to Gallup, the world's leading poll firm based in the U.S.
In the 1970s, when the misery index was sky-high and America stewed in its own malaise, series featuring characters from the lower classes such as Good Times, Sanford and Son and All in the Family flourished.