Beyond GDP Measuring social progress in Europe. Koen Decancq – Erik Schokkaert Frankfurt June 2013. Introduction. Recent interest in going “ beyond GDP” This paper: how can ( should ) we measure social progress ? Answer on three levels :
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Koen Decancq – Erik Schokkaert
Frankfurt June 2013
The ultimatecriterion to evaluatesocialprogress is the well-being of individualsmaking up a society.
Information must becollectedon the different dimensions of lifethat are important for the well-being of individualcitizens.
Accounting forcumulativedeprivationrequiresthatonefirstconstructsan index of well-being at the individual level and thenaggregates these well-being indices acrossindividuals.
The weightingschemeapplied to construct the measure of individualwell-beingshould respect the individualideasaboutwhat is a goodlife.
Happinessor (subjectivelifesatisfaction) maybeone of the important dimensions of life, butitshouldnotbeseen as anencompassingmeasure of individualwell-being.
Justicerequires accounting forinequality in individualwell-being.
Data need: introducequestionson “willingness-topay” orsatisfactionwithlifeon a regular basis in SILC.