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A multidimensional understanding of prosperity and well-being at country level: Data-driven explorations

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TLDR
The results underline the need for a broadly-based approach to the measurement of societal quality of life, and provide an empirically-derived multidimensional framework for conceptualizing and measuringquality of life and well-being at country level.
Abstract
Social scientists have been interested in measuring the prosperity, well-being, and quality of life of nations, which has resulted in a multiplicity of country-level indicators. However, little is known about the factor structure of these indicators. We explored the structure of quality of life, using country-level data on tens of subjective and objective indicators. Applying factor analysis, we identified three distinct factors that exhibited both overlap and complementarity. This structure was replicated in data from previous years and with a partially different set of variables. The first factor, ‘socio-economic progress’, is dominated by socio-political and economic indicators but also includes life satisfaction, which thus appears to reflect objective living conditions. The second factor, ‘psycho-social functioning’, consists of subjective indicators, such as eudaimonic well-being and positive affective states. The third, ‘negative affectivity’, comprises negatively-valenced affective states. The three macro-factors of societal quality of life demonstrated moderate intercorrelations and differential associations with cultural and ecological variables, providing support for their discriminant validity. Finally, country and regional rankings based on the three societal factors revealed a complex picture that cautions against over-reliance on any single indicator such as life satisfaction. The results underline the need for a broadly-based approach to the measurement of societal quality of life, and provide an empirically-derived multidimensional framework for conceptualizing and measuring quality of life and well-being at country level. This study is thus an initial empirical step towards systematizing the multiple approaches to societal quality of life.

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Journal ArticleDOI

Family Functioning and Life Satisfaction: The Mediatory Role of Emotional Intelligence

TL;DR: Evidence of an indirect association between family functioning and life satisfaction through the mediating role of emotional intelligence is provided, indicating that individuals who evaluate their family functioning as cohesive, flexible, communicative, and fulfilled, are more likely to process their own emotions and enjoy higher life satisfaction.
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Are the Variables Used in Building Composite Indicators of Well-Being Relevant? Validating Composite Indexes of Well-Being

TL;DR: It is proved that a robust ranking of countries based on multidimensional well-being can be achieved with a relatively small number of variables, which mitigates the risk of including variables that are not reliable and/or not available for a significant number of countries.
Journal ArticleDOI

Personal life satisfaction as a measure of societal happiness is an individualistic presumption: evidence from fifty countries

Kuba Krys, +65 more
TL;DR: This article found that individualism correlates with societal happiness because the most common measure of societal happiness (i.e., country-level aggregates of personal life satisfaction) is individualism-themed.
References
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Book

Cultures and Organizations: Software of the Mind

TL;DR: In this article, the differences in the way strategists and their followers think are discussed, and practical solutions for those in business to help solve conflict between different groups are proposed, with a focus on how to find common problems which demand cooperation for the solution of these problems.
Journal ArticleDOI

Happiness is everything, or is it? Explorations on the meaning of psychological well-being.

TL;DR: In this paper, the authors investigated the relationship between self-acceptance, positive relations with others, autonomy, environmental mastery, purpose in life, and personal growth, and found that these aspects are not strongly tied to prior assessment indexes.
Posted Content

Subjective Well-Being

TL;DR: The literature on subjective well-being (SWB), including happiness, life satisfaction, and positive affect, is reviewed in three areas: measurement, causal factors, and theory.
Journal ArticleDOI

On Happiness and Human Potentials: A Review of Research on Hedonic and Eudaimonic Well-Being

TL;DR: This review considers research from both perspectives concerning the nature of well-being, its antecedents, and its stability across time and culture.
Book ChapterDOI

Subjective Well-being

TL;DR: The literature on subjective well-being (SWB), including happiness, life satisfaction, and positive affect, is reviewed in this article in three areas: measurement, causal factors, and theory.
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Trending Questions (2)
What societal predictors are there on well-being?

Societal predictors of well-being include socio-economic progress, psycho-social functioning, and negative affectivity, as identified through factor analysis in country-level data exploration.

What societal factors correlate with well-being?

The paper explores the factor structure of well-being indicators at the societal level. It identifies three societal factors: socio-economic progress, psycho-social functioning, and negative affectivity. These factors have differential associations with cultural, demographic, and ecological variables.