We propose a new approach which helps to shed light on the importance of the relationship between a government's welfare outcome and its citizens' desired well-being, defining a concept of "welfare gap". To determine this gap, we build two composite indices of well-being measured at the...

Within the OECD Better Life Initiative, the Better Life Index (BLI) represents a major attempt to measure well-being and societal progress beyond GDP, following up the recommendations outlined in the Stiglitz-Sen-Fitoussi Commission report. Using a Structural Equation Modeling (SEM) approach, we...

Some criticism has been raised on the actual capability of corruption perception-based indices to gauge the essence of concepts they aim to measure. One can argue that perceptions about corruption are not matching reality and could be the reflection of distorted truth. Based on this evidence we...