The Composite Global Well-Being Index (CGWBI): A New Multi-Dimensional Measure of Human Development

Abstract

This paper develops a new indicator for human development, the Composite Global Well-Being Index (CGWBI), spanning ten well-being dimensions: safety and security, health, education, housing, environment and living space, employment, income, life satisfaction, community and social life, and civic engagement. The index includes both subjective survey data and socio-economic indicators, and uses the same methodology as the Organisation for Economic Co-operation and Development (OECD) Better Life Index, by extending it to developing countries. The paper's results show that the devised CGWBI is highly correlated with the widely used Human Development Index (HDI); however, the CGWBI is less sensitive to income effects than the HDI. The CGWBI provides therefore an improvement over the HDI, by covering additional key well-being dimensions and minimizing the impact of per capita income on overall human development rankings.

Wellbeing indicators affecting female entrepreneurship in OECD countries

“…It is an intangible concept, difficult to define and even harder to measure (La Placa et al, 2013;Ng & Feldman, 2009). Wellbeing is usually referred to as an individual's perceptions and evaluation of life (Chaaban et al, 2016;La Placa et al, 2013). It has been studied from various points of view, such as economic wellbeing or subjective wellbeing.…”

“…Due to this lack of consensus over how to measure wellbeing, amongst the possible ways to measure it, OECD wellbeing indicators have been used along this piece of research as a basis for the analysis of the aforementioned relationship (Boarini & D'Ercole, 2013). Particularly, variables from the Better Life index (BLI) have been used (Chaaban et al, 2016) On the other hand, research on entrepreneurship has been growing too (D. A. Shepherd et al, 2000).…”

Quantitative Storytelling in the Making of a Composite Indicator

“…As discussed in Becker et al (2017), human well-being and progress are areas in which composite indicators are popular, covering themes from happiness-adjusted income to environmentally adjusted income, from child development to information and communication technology. They are also used in the analysis of innovation (Balcerzak and Pietrzak 2017a; Dutta, Lanvin and Wunsch-Vincent 2018; Hausken and Moxnes 2019; Żelazny and Pietrucha 2017), analysis of real estate markets (Małkowska and Głuszak 2016), countries' competitiveness (Cheba and Szopik-Depczynska 2017; World Bank 2019; Kruk and Waśniewska 2017; Schwab 2019), socio-economic development (Bartkowiak-Bakun 2017; Mazziotta and Pareto 2016), the quality of institutions (Balcerzak and Pietrzak 2017b), sustainable development (Balcerzak and Pietrzak 2017c;Luzzati and Gucciardi 2015;Semenenko et al 2019), the standard of living (Greyling and Tregenna 2017;Kuc 2017), well-being (Barrington-Leigh and Escande 2018; Chaaban et al 2016; Peiro-Palomino and Picazo-Tadeo 2018) and many others (Aparicio and Kapelko 2019; Capecchi and Simone…”

Relationship Between the Quality of Life and Physical Activity in Patients With Depression Disorder

“…Health as QoL component has become an important physical and social factor that was included into Human Development Index (Chaaban, Irani, & Khoury, 2016;Crafts, 1997;Niels, 2004). However, there has been a shift in mental health service policy from an emphasis on treatment focused on reducing symptoms, based on a narrow notion of pathology and illness, to a more holistic approach which takes into consideration well-being, recovery, social functioning, and QoL (Hogan, 2003).…”