There is considerable debate on the methods used to compute composite indicators of well-being. The fact that most of the weights of the principal subcomponents of the composite indicators are equal and that the determinants of well-being are, to a certain extent, connected, makes the use of...

This paper explores the relevance of the variables that define well-being and human progress and makes a quantitative inquiry into the validity of three of the well-known and well-documented composite indicators of well-being: the Human Development Index (HDI), the Legatum Prosperity Index (LPI)...