The Empirics of Social Progress: The Interplay between Subjective Well-Being and Societal Performance
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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.
2021 ◽
Vol 101
(4)
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pp. 422-435
Keyword(s):
2018 ◽
Vol 52
(12)
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pp. 2356-2377
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Keyword(s):
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2020 ◽
Vol 17
(23)
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pp. 9093
Keyword(s):
2012 ◽
Vol 113
(1)
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pp. 513-535
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