Measuring well-being: W3 indicators to complement GDP

Abstract: "Numerous people in Germany, including politicians and researchers, believe that the gross domestic product (GDP) is an outdated indicator of a society’s prosperity. Therefore, at the end of 2010, the German Bundestag, the federal parliament, established a study commission (Enquete-Kommission) tasked with developing an alternative to the GDP for measuring growth, prosperity, and quality of life. This commission has now submitted a proposal: to supplement the GDP with nine additional indicators, including a wide range of factors such as the distribution of income, biodiversity, and life expectancy. The ten indicators cover three dimensions of well-being-economy, ecology, and social wealth-and hence are called W3 Indicators. Replacing the gross domestic product by a single alternative index was rejected by the commission, however, since it is not possible to reduce citizens' very different wishes and expectations to "a common denominator". A representative survey of registered voters

Object Details

• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource, 18 S.
• Language: Englisch
• Notes: Veröffentlichungsversion

References and Relationships

• Bibliographic citation: RatSWD Working Paper Series ; Bd. 217

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Veröffentlichung
• (where): Berlin
• (when): 2013
• Creator: Giesselmann, Marco ; Hilmer, Richard ; Siegel, Nico A. ; Wagner, Gert G.
• Contributor: Rat für Sozial- und Wirtschaftsdaten (RatSWD)

Further information

• URN: urn:nbn:de:101:1-2019072515421247310176
• Rights: Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 25.03.2025, 1:48 PM CET