WELLBY
Frijters, P. & Krekel, C.
(2025).
WELLBY.
In
Chuah, S., Hoffmann, R. & Neelim, A.
(Eds.),
Elgar Encyclopedia of Behavioural and Experimental Economics
(pp. 408 - 410).
Edward Elgar.
https://doi.org/10.4337/9781802207736.000126
(2025).
WELLBY.
In
Chuah, S., Hoffmann, R. & Neelim, A.
(Eds.),
Elgar Encyclopedia of Behavioural and Experimental Economics
(pp. 408 - 410).
Edward Elgar.
https://doi.org/10.4337/9781802207736.000126
The WELLBY is a measure of individual subjective wellbeing, as judged by individuals themselves, capturing both the quality of life and the length of life. We outline its use for measuring social progress and for social welfare analyses by governments, businesses, and NGOs. We provide practical examples.