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The WELLBY: a new measure of social value and progress

Economics

The WELLBY: a new measure of social value and progress

P. Frijters, C. Krekel, et al.

Discover the WELLBY (Wellbeing-Year), a groundbreaking measure of social value and progress introduced by Paul Frijters, Christian Krekel, Raúl Sanchis, and Ziggi Ivan Santini. This innovative approach evaluates life satisfaction in a meaningful way, demonstrating its potential to enhance policy appraisals and evaluations while surpassing GDP as a metric of social progress.

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