Well-being Indicators: a Review and Comparison in the Context of Italy

Interest in the well-being measurement is constantly increasing worldwide, especially due\r\nto the Stiglitz Commission suggestions, which opened several questions about its assessment\r\nand theoretical framework. This paper focuses on the Italian scenario due to the central\r\nrole given to this topic by the Italian Parliament, which introduces equitable and sustainable\r\nwell-being among the objectives of the government’s economic and social policy.\r\nSignificant differences exist among the proposed Italian well-being indices in terms of\r\ntheoretical approach, statistical rigour and aims. We propose a detailed outline of these\r\nindices useful for policy-makers, practitioners, economists and statistics scholars, with the\r\nawareness that for a good analysis, a complete and conscious description of the data is the\r\nstarting point to further improve their usefulness, to maximise their advantages and to cut\r\ndown their limitations.