THE ROLE OF SUBJECTIVE WELL-BEING IN MEASURING THE PROGRESS OF NATIONS AND GUIDING PUBLIC POLICY

Nations assess human progress mainly through objective economic indicators of material progress (e.g., gross domestic product, consumption, etc.). However, these measures have important limitations. Moreover, the excessive focus on material aspects is leading the world to ecological, social and ec...

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Main Authors: Wenceslao Unanue, Daniel Martínez, Mónica López, Lorena Zamora
Format: Article
Language:English
Published: Spanish Psychological Association (Colegio Oficial de Psicólogos) 2017-01-01
Series:Papeles del Psicólogo
Subjects:
Online Access:http://www.papelesdelpsicologo.es/English/2818.pdf
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author Wenceslao Unanue
Daniel Martínez
Mónica López
Lorena Zamora
author_facet Wenceslao Unanue
Daniel Martínez
Mónica López
Lorena Zamora
author_sort Wenceslao Unanue
collection DOAJ
description Nations assess human progress mainly through objective economic indicators of material progress (e.g., gross domestic product, consumption, etc.). However, these measures have important limitations. Moreover, the excessive focus on material aspects is leading the world to ecological, social and economic crises that are putting the future of humankind at risk. Building on previous work, this paper has three goals. First, to show how subjective measures of (psychological) well-being can complement the standard economic indicators of material progress. Second, to discuss the recent evidence which states that subjective well-being can help to build a better world. Third, to show policy examples concerning how subjective measures can help in allocating scarce resources, complementing the traditional economic methodologies.
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spelling doaj.art-c8ae5123a3994f6eb2d1cf1a6f46533a2022-12-22T01:51:47ZengSpanish Psychological Association (Colegio Oficial de Psicólogos)Papeles del Psicólogo0214-78231886-14152017-01-01381263310.23923/pap.psicol2017.2818THE ROLE OF SUBJECTIVE WELL-BEING IN MEASURING THE PROGRESS OF NATIONS AND GUIDING PUBLIC POLICYWenceslao Unanue0Daniel Martínez1Mónica López2Lorena Zamora3Escuela de Negocios Universidad Adolfo Ibáñez. Instituto del BienestarInstituto del BienestarInstituto del BienestarInstituto del BienestarNations assess human progress mainly through objective economic indicators of material progress (e.g., gross domestic product, consumption, etc.). However, these measures have important limitations. Moreover, the excessive focus on material aspects is leading the world to ecological, social and economic crises that are putting the future of humankind at risk. Building on previous work, this paper has three goals. First, to show how subjective measures of (psychological) well-being can complement the standard economic indicators of material progress. Second, to discuss the recent evidence which states that subjective well-being can help to build a better world. Third, to show policy examples concerning how subjective measures can help in allocating scarce resources, complementing the traditional economic methodologies.http://www.papelesdelpsicologo.es/English/2818.pdfWell-beingMaterial progressResources
spellingShingle Wenceslao Unanue
Daniel Martínez
Mónica López
Lorena Zamora
THE ROLE OF SUBJECTIVE WELL-BEING IN MEASURING THE PROGRESS OF NATIONS AND GUIDING PUBLIC POLICY
Papeles del Psicólogo
Well-being
Material progress
Resources
title THE ROLE OF SUBJECTIVE WELL-BEING IN MEASURING THE PROGRESS OF NATIONS AND GUIDING PUBLIC POLICY
title_full THE ROLE OF SUBJECTIVE WELL-BEING IN MEASURING THE PROGRESS OF NATIONS AND GUIDING PUBLIC POLICY
title_fullStr THE ROLE OF SUBJECTIVE WELL-BEING IN MEASURING THE PROGRESS OF NATIONS AND GUIDING PUBLIC POLICY
title_full_unstemmed THE ROLE OF SUBJECTIVE WELL-BEING IN MEASURING THE PROGRESS OF NATIONS AND GUIDING PUBLIC POLICY
title_short THE ROLE OF SUBJECTIVE WELL-BEING IN MEASURING THE PROGRESS OF NATIONS AND GUIDING PUBLIC POLICY
title_sort role of subjective well being in measuring the progress of nations and guiding public policy
topic Well-being
Material progress
Resources
url http://www.papelesdelpsicologo.es/English/2818.pdf
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