AI summary · arXiv: 2401.17047v1 · econ.GN

Determinants of well-being

Cristina Pereira, Hermínia Gonçalves, Teresa Sequeira

Original paper · DOI Submitted to arXiv on 30 Jan. 2024 23 pages, 4 figures, 5 tables License: NONEXCLUSIVE-DISTRIB 1.0

The essentials

  • European social policies traditionally focus on material well-being and social justice
  • Governance plays a crucial role in shaping well-being
  • Political systems and institutions significantly impact individuals' well-being
  • Advocacy for incorporating subjective indicators into public policy decisions
  • Importance of considering both objective and subjective dimensions in measuring well-being for a holistic approach
  • Individuals' perceptions and experiences are vital in determining overall well-being
  • Integration of subjective indicators into policy-making processes can address diverse needs and preferences, leading to more effective social policies
  • Broadening understanding of well-being beyond material aspects is necessary
  • Incorporating subjective measures can create more responsive and equitable governance structures
  • Nuanced approach to measuring well-being can lead to greater individual satisfaction, social cohesion, and overall prosperity

Key points written by AI: they may contain errors, check them against the paper.

AI-generated keywords: Well-being European social policies Subjective indicators Governance Public policy decisions

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In their paper "Determinants of well-being," authors Cristina Pereira, Hermínia Gonçalves, and Teresa Sequeira delve into the traditional focus of European social policies on material well-being and social justice. The review systematically explores the scientific understanding of well-being and its various indicators, highlighting the crucial role that governance plays in shaping it. The authors argue that political systems and institutions have a significant impact on individuals' well-being and advocate for the incorporation of subjective indicators into public policy decisions. By emphasizing the importance of considering both objective and subjective dimensions in measuring well-being, the findings suggest a more holistic approach to assessing societal welfare. This comprehensive perspective acknowledges that individuals' perceptions and experiences play a vital role in determining overall well-being. By integrating subjective indicators into policy-making processes, policymakers can better address the diverse needs and preferences of their populations, ultimately leading to more effective and inclusive social policies. Overall, this research highlights the necessity of broadening our understanding of well-being beyond purely material aspects. It underscores the importance of incorporating subjective measures to create more responsive and equitable governance structures. Through this nuanced approach to measuring well-being, societies can strive towards greater levels of individual satisfaction, social cohesion, and overall prosperity.

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