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Alternative Measures of Well-Being

Author

Listed:
  • Romina Boarini
  • Åsa Johansson
  • Marco Mira d'Ercole

Abstract

All discussions about the desirability of policy reforms rest on judgements about their effects on individuals and societal well-being. Yet, suitable measures for assessing how well-being is changing over time or compares across countries are lacking. This problem is, of course, not new and standard economic theory has provided, over the years, a range of insights about the criteria and domains that are most critical for the measurement of well-being, and on the relation between well-being and measures of economic resources. This paper does not revisit this theoretical discussion, nor does it provide a comprehensive review of different approaches to the measurement of well-being. It rather assesses whether GDP per capita is an adequate proxy as a measure of well-being or whether other indicators — used either as substitutes or as complements to GDP per capita — are more suitable for that purpose. Attention is limited to only some of the factors that influence well-being, and excludes some critical elements such as the environment, home production and other non-market factors. Tous les débats sur l'opportunité des réformes reposent sur des considérations relatives à leurs impacts sur le bien-être des individus et de la société. Pour autant, des mesures appropriées font défaut pour mesurer l'évolution du bien-être au fil du temps ou effectuer des comparaisons entre pays. Ce problème n'est, bien sûr, pas nouveau et la théorie économique fourni un éventail d'idées sur les critères et les domaines qui sont les plus importants pour mesurer le bien-être, ainsi que sur la relation entre le bienêtre et les mesures des ressources économiques. Ce document ne revient pas sur ce débat théorique et n'apporte pas non plus un examen exhaustif des différentes approches sur les mesures du bien-être. Son objectif, plus limité, est celui d'évaluer si le PIB par habitant peut être considéré comme une mesure adéquate du bien-être ou si d'autres indicateurs - utilisés comme substituts ou comme compléments au PIB par habitant - seraient plus appropriés. Seuls quelques-uns des éléments qui influent sur le bien-être seront examinés dans cette étude, tandis que d'autres facteurs importants tels que l'environnement, la production domestique et les autres productions non marchandes seront laissés de coté.

Suggested Citation

  • Romina Boarini & Åsa Johansson & Marco Mira d'Ercole, 2006. "Alternative Measures of Well-Being," OECD Social, Employment and Migration Working Papers 33, OECD Publishing.
  • Handle: RePEc:oec:elsaab:33-en
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    File URL: http://dx.doi.org/10.1787/713222332167
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    Citations

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    Cited by:

    1. Mota, Rui Pedro & Domingos, Tiago & Martins, Victor, 2008. "Analysis of green net national product and genuine saving in Portugal, 1991 - 2005," MPRA Paper 13347, University Library of Munich, Germany.
    2. Christos Koulovatianos & Polina Minkovski & Carsten Schröder, 2009. "Per-capita income versus household-need adjusted income: a cross-country comparison," Journal of Income Distribution, Journal of Income Distribution, vol. 18(3-4), pages 11-23, September.
    3. Olha Hlushchenko, 2016. "Well-being funding: essence and estimation method," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 2016(2), pages 45-55.
    4. Bleys, Brent & Whitby, Alistair, 2015. "Barriers and opportunities for alternative measures of economic welfare," Ecological Economics, Elsevier, vol. 117(C), pages 162-172.
    5. Jean-Philippe Cotis, 2006. "Benchmarking Canada's Economic Performance," International Productivity Monitor, Centre for the Study of Living Standards, vol. 13, pages 3-20, Fall.
    6. Christian Kroll, 2011. "Wie wollen wir zukünftig leben? Internationale Erfahrungen bei der Neuvermessung von Fortschritt und Wohlergehen," Working Paper Series of the German Council for Social and Economic Data 186, German Council for Social and Economic Data (RatSWD).
    7. Delbosc, Alexa & Currie, Graham, 2011. "Exploring the relative influences of transport disadvantage and social exclusion on well-being," Transport Policy, Elsevier, vol. 18(4), pages 555-562, August.
    8. Rauf Gönenç & Oliver Röhn & Christian Beer & Andreas Wörgötter, 2013. "Responding to Key Well-being Challenges in Austria," OECD Economics Department Working Papers 1080, OECD Publishing.
    9. Carla Collicelli, 2013. "Subjective Indicators in the Health Sector and Their Usefulness in Policy Making," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(1), pages 87-103, October.
    10. Xingqiang Du, 2016. "Does Confucianism Reduce Board Gender Diversity? Firm-Level Evidence from China," Journal of Business Ethics, Springer, vol. 136(2), pages 399-436, June.
    11. Pennekamp, Johannes, 2011. "Wohlstand ohne Wachstum: Ein Literaturüberblick," MPIfG Working Paper 11/1, Max Planck Institute for the Study of Societies.
    12. Greg Coombs, 2006. "Wellbeing and happiness in OECD countries," Economic Roundup, The Treasury, Australian Government, issue 2, pages 11-21, May.
    13. Frank T. Denton & Byron G. Spencer, 2008. "What is Retirement? A Review and Assessment of Alternative Concepts and Measures," Social and Economic Dimensions of an Aging Population Research Papers 231, McMaster University.
    14. Van Ootegem, Luc & Spillemaeckers, Sophie, 2010. "With a focus on well-being and capabilities," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(3), pages 384-390, June.
    15. Modrego, Félix & Berdegué, Julio A., 2015. "A Large-Scale Mapping of Territorial Development Dynamics in Latin America," World Development, Elsevier, vol. 73(C), pages 11-31.

    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D6 - Microeconomics - - Welfare Economics
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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