Sunday, July 22, 2018

The OECD Better Life Index

Image result for better life index
I was reading an article on the shortcomings of per capita income as a measure of living standards (see the Stiglitz-Sen-Fitoussi Commission: Measurement of Economic Performance and Social Progress) and I came across a number of interesting alternatives that try to capture the well being of people.  One of these is the OECD Better Life Index which covers the members of the OECD, plus Brazil, Russia and South Africa. 

The Better Life Index includes 11 'dimensions' or indicators of well-being (see Better Life Index - Edition 2017):

Housing
Income
Jobs
Community
Education
Environment
Governance
Health
Life Satisfaction
Safety
Work-life balance

You can fool around with the BLI.  For example, you can choose which indicator(s) is/are the most important for you, to see how countries rank.  You can easily check out gender differences.  And you can check-out How's Life in each of the countries the BLI covers. The latest for Greece is here, pretty dismal, I may say.

The latest BLI is found here.




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