Wellbeing economics and analysis
Traditionally, economics is a social science primarily concerned with production, consumption, and transfer of wealth.
More pluralist approaches to economics draw on diverse voices, perspectives and approaches to understand how to organise society to achieve broader goals, such as ensuring sustainable, resilient and inclusive economies.
Wellbeing economics is about using science and evidence to organise society in a way that optimises wellbeing outcomes.
Our work in this area aims to support you to:
- use and understand the wellbeing data and measures that now exist
- develop the methodology for using wellbeing data and evidence in decision-making, including the field of wellbeing economics.
- increase the use of comparable measures across sectors and disciplines.
Where to find and create wellbeing data?
- UK Wellbeing Framework
- Sources of wellbeing data – which surveys the ONS4 are in
- Local Area Wellbeing Indicators
- Thriving Places Index
How to create and use your own wellbeing data
- Using ONS4 in your survey
- Measure your wellbeing impact
- Workplace wellbeing snapshot survey and question bank
- Wellbeing policy tools for decision-makers
What analysis has been done?
Analysis of ONS4
Culture and sport
Analysis in these topics are often most usefully use experiential measures of wellbeing. Time Use surveys are also useful for this area. Using this approach is helpful for improving time use for better wellbeing, and understanding how you improve positive mood or purpose
See more in Prof Paul Dolan’s Definitions and measures discussion paper.
Work and learning
- Educational outcomes
- Education to employment
- Adult learning
- Job-related learning
- Job changes
- Gender and employment
- What is a good job?
Life course analysis and cost effectiveness with LSE Centre for Economic Performance
- Measuring wellbeing inequality across Britain
- Drivers of wellbeing inequality
- Social fragmentation and social deprivation
- Thriving Places
- Community wellbeing spillover effect of violent crime
What does the analysis tell us?
- Jump to our data and analysis page to find out more.
- How wellbeing can help us unpack what matters in an election
- All Party Parliamentary Group on Wellbeing Economics
Economic appraisal and valuation
- HM Treasury Green Book Appraisal Guidance
- Guide to wellbeing economic evaluation
- Plugging the gaps: new cost-effectiveness guidance for charities
- Wellbeing in policy: exploring issues of measurement and methodology
- Online course – policy tools: wellbeing impacts and value for money
- Incorporating wellbeing into policy analysis – a paper from the Social Impacts Task Force.
- Treasury Green Book update 2018 and Wellbeing Analysis
- Corry The Problem with Wellbeing Valuation
- Prof Frijters Response: Should we be using it to ‘monetise’ non-market activities?