I added some additional pages about Median Expected Lifetime Income (MELI) to the Medianism FAQ this week:
M1. What is Median Expected Lifetime Income (MELI)?
M2. Why is MELI better than GDP?
M3. Why is MELI better than the United Nations’ Human Development Index (HDI)?
M4. You claim that MELI is better than GDP and the HDR. If MELI is so great, why doesn’t anyone use it?
M5. Why doesn’t anyone care about existing measures of median income?
M6. Why haven’t economists already made the obvious adjustments to median household income that would make the statistic more useful?
M7. What are ways in which MELI is easier to measure than GDP?