Measuring Development as if People Mattered More Than Places

Recent working paper that presents a new statistic: "income per natural -- the mean annual income of persons born in a given country, regardless of where that person now resides. If income per capita has any interpretation as a welfare measure, exclusive focus on the nationally resident population can lead to substantial errors of the income of the natural population for countries where emigration is an important path to greater welfare." By Michael Clemens and Lant Pritchett. Excellent! Access full paper at the Center for Global Development site