Recently, I have posted on the issue of subjective wellbeing and measured incomes: here. This week, The Economist crunched through the OECD data on synthetic indices of well-being: here.
The chart from The Economist is telling:
Do note that the distance for Germany (gap) is pretty similar to that in the US and, given lower overall well-bing in Germany than the US, proportional gap is probably actually larger.
And the conclusion is: "for all the fancy metrics, the Better-Life Index does not look too different from classic GDP rankings."
Now, back to the top link above for more in-depth analysis...
The chart from The Economist is telling:
Do note that the distance for Germany (gap) is pretty similar to that in the US and, given lower overall well-bing in Germany than the US, proportional gap is probably actually larger.
And the conclusion is: "for all the fancy metrics, the Better-Life Index does not look too different from classic GDP rankings."
Now, back to the top link above for more in-depth analysis...
