Comparative Comparison of Welfare Index Measurement Methods

Document Type : Promotional scientific article

Authors

1 Qom University

2 Associate Professor of Qom University

3 Professor Assistant , Faculty of Economics , Qom University

10.30471/iee.2024.10205.2421

Abstract

Abstract

welfare as one of the important concepts of economics has a special importance in thought and action it is also one of the characteristics of the development of societies, In the meantime, various theories have been expressed to provide a definition of its nature and conceptual scope, and each is trying to somehow measure the welfare index in a realistic way. This research has been organized in a descriptive-analytical, comparative-comparative method. The present paper examines the nature and concept of well-being, as well as the strengths and weaknesses of the index in different socio-economic schools, and compares the methods of measuring the welfare index The results show that the Legatum welfare index has the most components among the indicators being compared and Education, health, unemployment, income distribution, foreign debt and pollution are among the recurring components among the composite indicators and the standards defined for the welfare indicators have shortcomings and also have subjective value biases. Used the necessary national data for public policy.

Keywords