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New Index l How does the Social Progress Index compare to the OECD Your Better Life Index?
Source of the information:
The Social Progress Imperative
The Organization for Economic Co-operation and Development’s Your Better Life Index is a hybrid model incorporating a mixture of economic and social indicators supplemented by subjective measures of citizens’ perception of their own wellbeing. This represents an advance over purely economic variables in capturing wellbeing, particularly for wealthier countries. Yet the Your Better Life measures remain heavily weighted towards economic indicators, with a limited array of social variables. The Your Better Life framework offers less guidance on where and how society should invest to advance social progress overall. (...)