An alternative measure of social wellbeing: analysing the key conceptual and statistical components of quality of life

Statisticians, policy makers and social researchers widely accept that there is a need to consider a more nuanced range of measures of quality of life that move beyond the economic domain and that take into account key aspects of an individual's life circumstances. Using data from an Australian household survey, a composite Wellbeing Index was created that covered objective circumstances, with known associations to wellbeing, evaluated from the individual's subjective viewpoint. The robustness of the measure comes from the fact that while covering a broad range of key dimensions, the index only includes the items deemed important components of wellbeing by a majority of respondents. The index was then used to explore the extent to which wellbeing is associated with other dimensions of quality of life that have currency in the contemporary literature. The study contributes to the contemporary debate on social wellbeing and adds new Australian evidence to a body of research that has been mainly based on European and American data.