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This paper presents the framework used by the OECD for defining and measuring well‐being, developed as part of the OECD Better Life Initiative launched in 2011. This framework measures well‐being by considering 11 dimensions covering both current material conditions and quality of life, while also recognizing the importance of taking account the sustainability of well‐being in the future. This framework...
This paper presents some of the main features of recent OECD work on people's well‐being and societies' progress. After discussing the main limitations of GDP as a measure of ‘welfare’, the paper presents the multidimensional framework and rationale underpinning the OECD Better Life Initiative, and describes how this framework aims to overcome the limitations of GDP. The paper also presents some of...
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