Construct · 1 fields · 1 citations

WELLBY: a standalone construct

One name. One construct. A landmark on the map.

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Economics

a unit for policy appraisal equal to one point of life satisfaction on a 0 to 10 scale held by one person for one year.

In economics, WELLBY refers to a unit for policy appraisal equal to one point of life satisfaction on a 0 to 10 scale held by one person for one year. This meaning comes from Frijters (2020) in Behavioural Public Policy.[1]

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Nearby constructs

person3 fields · 6 citationsjingle · one word, three constructs policy2 fields · 4 citationsjingle · one word, two constructs satisfaction5 fields · 11 citationsjingle · one name, five constructs

References

Frijters, P., Clark, A. E., Krekel, C., & Layard, R. (2020). A happy choice: wellbeing as the goal of government. Behavioural Public Policy, 4(2), 126-165. https://doi.org/10.1017/bpp.2019.39

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