How should one measure well-being? Money is not everything. There are many more features that shape people‟s lives. How comfortable is their housing? How clean and safe is their local environment? Are they able to participate in political and social activities? Do public institutions respond to their demands? To what extent do people benefit from quality health care and education services? What is the value of services produced by households for their own use, such as the care that they provide to their children and the elderly? All things considered, are people satisfied with their life in general?
In recent years, concerns have emerged regarding the fact that macro-economic statistics did not portray the right image of what ordinary people perceived about the state of their own lives. Addressing these concerns is crucial, not just for the credibility and accountability of public policies, but for the very functioning of our democracies.
If you want you can consult the document here: OECDwell-beingIndicators
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