Choosing how to approach well-being - Deepstash

Choosing how to approach well-being

Two Belgian economists show that different approaches to well-being can have practical consequences. Using average income, average life satisfaction, and average "equivalent income," Danes are more satisfied than they are wealthy while France is the opposite.

For policy purposes, the different measures of well-being hint at the important issues involved in deciding which measure of well-being - if any - to select.

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