English title: Subjective and objective indicators of well-being

Author(s): Anneli Kaasa - Helje Kaldaru -

Language: English

Type: Book chapter

Year: 2009

Abstract

In this subchapter, we will examine how the components of well-being and their perception are mutually related and also related to different parameters of economic development. Both the objective and subject variables of well-being will be examined along with the actual situation and the assessments made by people. Subjective assessments have been obtained from the data on the countries that were included in the third round (2006)of the European Social Survey. Therefore, the objective indicators for wellbeing were also collected for the same countries. Estonia’s ranking based on the assessments of general satisfaction and the feeling of happiness is approximately the same as that based on wealth. In other words, our much lower indicators for the quality of life – poor health and short life expectancy – have not affected our feeling of happiness or satisfaction to date. Or our belief in ourselves, our own prospects and institutional capacities has helped to eliminate the impact of these negative factors. The question is whether this optimism and positive attitude will survive the current period of economic recession.

From page no: 125

To page no: 130

Anthology: Estonian Human Development Report 2008

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