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Treasury's Wellbeing Framework

Author

Listed:
  • Stephanie Gorecki

    (Treasury, Government of Australia)

  • James Kelly

    (Treasury, Government of Australia)

Abstract

In undertaking its mission Treasury takes a broad view of wellbeing as primarily reflecting a person’s substantive freedom to lead a life they have reason to value. Treasury has long had an understanding of welfare or wellbeing that extends beyond narrow measures of living standards, and a formal wellbeing framework since the early 2000s. That framework, as revised in 2011, is discussed.

Suggested Citation

  • Stephanie Gorecki & James Kelly, 2012. "Treasury's Wellbeing Framework," Economic Roundup, The Treasury, Australian Government, issue 3, pages 27-64, October.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2012_3_2
    as

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    File URL: http://www.treasury.gov.au/~/media/Treasury/Publications%20and%20Media/Publications/2012/Economic%20Roundup%20Issue%203/Downloads/PDF/02_20121108.ashx
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    File URL: http://www.treasury.gov.au/PublicationsAndMedia/Publications/2012/Economic-Roundup-Issue-3/Report/Treasury8217s-Wellbeing-Framework
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    More about this item

    Keywords

    welfare economics; sustainability; behavioural economics;

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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