Across the globe there is growing skepticism about the usefulness of GDP as a measure of national well-being. Consequently, several alternative quality-of-life (QOL) measures were developed which either aim at healing the GDP, complementing it, or replacing it. This chapter portrays some of...

A vast literature has recently emerged on subjective well-being (SWB) examining the determinants of happiness and life satisfaction, particularly in Psychology and Economics. The research area has become very influential in the policy world, as governments are becoming increasingly keen to...