OECD Better Life Index
The OECD’s Better Life Initiative, launched in May 2011 following a decade of work on this issue, is a first attempt to bring together internationally comparable measures of well-being in line with the recommendations of the Commission on the Measurement of Economic Performance and Social Progress also known as the Stiglitz-Sen-Fitoussi Commission. The recommendations made by this Commission sought to address concerns that standard macroeconomic statistics like GDP failed to give a true account of people’s current and future well-being. The OECD Better Life Initiative includes two main elements: :"Your Better Life Index" and "How’s Life?"
Your Better Life Index (BLI), launched in May 2011, is an interactive tool that allows people to compare countries’ performances according to their own preferences in terms of what makes for a better life. First published on 24 May 2011, it includes 11 "dimensions" of well-being:
- Housing: housing conditions and spendings (e.g. real estate pricing)
- Income: household income and financial wealth
- Jobs: earnings, job security and unemployment
- Community: quality of social support network
- Education: education and what you get out of it
- Environment: quality of environment (e.g. environmental health)
- Governance: involvement in democracy
- Life Satisfaction: level of happiness
- Safety: murder and assault rates
- Work-life balance
Each topic is built using one to three specific indicators. In the case of work-life balance, for example, three separate measures are considered: the number of employees working long hours; the percentage of working mothers; and the time people devote to leisure and personal activities. The BLI seeks to engage citizens in the discussion of what matters most in their lives and what governments should do to improve well-being.
How’s Life? offers a comprehensive picture of what makes up people’s lives in 40 countries worldwide. The report assesses the above 11 specific aspects of life as part of the OECD’s ongoing effort to devise new measures for assessing well-being that go beyond GDP.
New indicators and dimensions are planned be added to the Better Life Index in the future. For example, the Better Life Index was criticised for not showing inequalities in a society. Future editions of the index are planned to take inequalities into account, by focusing on well-being achievements of specific groups of the population (women and men and low and high socio-economic status).
- World Happiness Report
- Happiness economics
- Gross National Happiness
- World Values Survey
- OECD Development Centre
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- Marber, Peter. "Brave New Math". World Policy Journal (Spring 2012). Retrieved 31 May 2012.
- "How's life? Measuring well-being.". 2013. doi:10.1787/9789264201392-en.