Economics at your fingertips  

The Empirics of Social Progress: The Interplay between Subjective Well-Being and Societal Performance

Daniel Fehder, Michael Porter and Scott Stern

AEA Papers and Proceedings, 2018, vol. 108, 477-82

Abstract: 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.

JEL-codes: C43 E01 E23 I31 I32 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/pandp.20181036
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) ... ZUuPtS7M2o1OqDR4puH4 (application/pdf) ... aF3KryLAzUB624nWHXdx (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

AEA Papers and Proceedings is currently edited by William Johnson and Kelly Markel

More articles in AEA Papers and Proceedings from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

Page updated 2019-05-18
Handle: RePEc:aea:apandp:v:108:y:2018:p:477-82