Beyond GDP: Measuring social progress in Europe. Koen Decancq – Erik Schokkaert Stirling June 2014. Introduction. “Beyond GDP” Quest for a measure of social progress Discussion on three levels: Principles for a measure of social progress
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Koen Decancq – Erik Schokkaert
Stirling June 2014
The ultimate criterion to evaluatesocialprogress is the well-being of individuals making up the society.
The well-being of individualsdepends on the outcomes in the different dimensions of life.
Accounting forcumulativedeprivationrequiresto construct first anindex of well-being at the individual level and thenaggregatethese well-being indices acrossindividuals.
The measure of individual well-beingshould respect the individualideasaboutwhat is a good life.
5 for Ann
9 for Bob
3 for Ann
7 for Bob
Justicerequires accounting forinequality in individual well-being.