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The Living Standards Framework (LSF) 2021

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This paper describes the 2021 version of the Living Standards Framework (LSF). The new framework is an evolution of the 2018 version, which itself built on earlier versions of the LSF. The 2021 LSF is intended to better reflect children's wellbeing and culture, including being more compatible with wellbeing as understood in te ao Māori and by Pacific Peoples. This paper also seeks feedback on the Treasury’s initial thinking on additional indicators to measure the new parts of the LSF. We continue to evolve the LSF because the Treasury is committed to offering the best economic advice it can. This requires us to continually develop and strengthen our key analytical and policy frameworks, such as the LSF. The areas in which we have developed the framework reflect feedback from stakeholders, particularly from when we released the LSF Dashboard in 2018.

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  • New Zealand Treasury, 2021. "The Living Standards Framework (LSF) 2021," Treasury Papers Series tp21/01, New Zealand Treasury.
    • Handle: RePEc:nzt:nzttps:tp21/01
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    File URL: https://www.treasury.govt.nz/sites/default/files/2021-10/tp-living-standards-framework-2021.pdf
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