How useful is Well-Being as a national or global economic indicator? This policy brief requires an assessment of Well-Being measure and asses what it offers that traditional national account measures do not? This can be either nationally in the UK, or another country, or global happiness index
Group Members: Tom Dixon, Hamza Shahid, Keiron Westmaas, Jeremy Smyth, Maurizio Gregorio
Group meeting 23rd February: Tom Dixon, Keiron Westmaas, Jeremy Smyth
We have decided to focus on recommending the use of well-being as an economic indicator for three main reasons:
- to take into account Sustainability (environmentally) attributing cost of expense to the future
- to take into account Distribution of wealth because it is less useful to know how the incomes and well-being of a mean individual as a pose to a median individual or even the mean values of the three classes
- to take into account household activities such as childcare
Group meeting 23rd February: Tom Dixon, Keiron Westmaas, Jeremy Smyth
We have decided to focus on recommending the use of well-being as an economic indicator for three main reasons:
- to take into account Sustainability (environmentally) attributing cost of expense to the future
- to take into account Distribution of wealth because it is less useful to know how the incomes and well-being of a mean individual as a pose to a median individual or even the mean values of the three classes
- to take into account household activities such as childcare
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