The four approaches to measuring wellbeing

Research output: A Conference proceeding or a Chapter in BookChapter

Abstract

There are essentially four approaches to constructing a better measure than GDP of whether the nation is making true progress in improving wellbeing; adjusting GDP to make it more suitable, replacing it with a ‘dashboard’ of alternative indicators, weighting these alternative indicators to form a composite indicator, and using peoples’ own reported assessments of their well-being.
Original languageEnglish
Title of host publicationMeasuring and Promoting Wellbeing: How Important is Economic Growth?
Subtitle of host publicationEssays in honour of Ian Castles AO and a selection of Castles' papers
EditorsAndrew Podger, Dennis Trewin
Place of PublicationCanberra, Australia
PublisherANU Press
Chapter7
Pages191-208
Number of pages18
ISBN (Print)9781925021325
DOIs
Publication statusPublished - 2014
Externally publishedYes

Publication series

NameAustralia and New Zealand School of Government (ANZSOG) Series
PublisherANU Press

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  • Cite this

    HAWKINS, J. (2014). The four approaches to measuring wellbeing. In A. Podger, & D. Trewin (Eds.), Measuring and Promoting Wellbeing: How Important is Economic Growth?: Essays in honour of Ian Castles AO and a selection of Castles' papers (pp. 191-208). (Australia and New Zealand School of Government (ANZSOG) Series). ANU Press. https://doi.org/10.22459/MPW.04.2014