The Empirics of Social Progress: The Interplay between Subjective Well-Being and Societal Performance

Autor:	Daniel C. Fehder, Scott Stern, Michael E. Porter
Rok vydání:	2018
Předmět:	Index (economics) Relative income Public economics Economics General Medicine Subjective well-being Dimension (data warehouse) Educational attainment Social progress Fundamental human needs
Zdroj:	AEA Papers and Proceedings. 108:477-482
ISSN:	2574-0776 2574-0768
DOI:	10.1257/pandp.20181036
Popis:	Though economists have long recognized that GDP is not by itself a measure of societal well-being, most GDP alternatives incorporate direct measures of economic performance. We propose instead an independently constructed measure, a social progress index, focusing exclusively on noneconomic dimensions of societal performance, highlighting three core dimensions—basic human needs, foundations of well-being, and opportunity. GDP and social progress are correlated but distinct, the social progress dimension least related to GDP (opportunity) is strongly related to subjective well-being, and the relationship between social progress and well-being is greater for individuals at lower relative income and educational attainment.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c6d948b97202912280f691a1c5f7c810 https://doi.org/10.1257/pandp.20181036 Zobrazit plný text záznamu Plný text ve formátu PDF