Definitions and Measurements of Well-Being: A Review of Literature

Objective definitions of well-being generally fall into two broad categories: (1) resource-related definitions; & (2) consumption-related definitions. Consumption-related definitions of well-being are more accepted & more frequently used to cope with changes in transitory components of incom...

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Bibliographic Details
Published in:Journal of economic and social measurement 1995-01, Vol.21 (4), p.297-309
Main Author: Paim, Laily
Format: Article
Language:English
Subjects:
Consumption
Definitions
Income
Life Satisfaction
Measurement
Quality of life
Resources
Social Indicators
Social research
Standard of living
Well Being
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Summary:Objective definitions of well-being generally fall into two broad categories: (1) resource-related definitions; & (2) consumption-related definitions. Consumption-related definitions of well-being are more accepted & more frequently used to cope with changes in transitory components of income & are subject to underreporting of income biases. The relationship between consumption & well-being is discussed. Subjective definitions of well-being include domains of satisfaction ranging from health to housing, models of well-being vs ill-being, social & economic change, & causal-level determinants of well-being. Implications for the measurement of well-being are discussed. 41 References. Adapted from the source document.
ISSN:0747-9662
1875-8932
2523-5338
DOI:10.3233/JEM-1995-21403