 measure of well-being: Encyclopedia - Vanderford-Riley well being scheduleThe Vanderford-Riley well-being schedule is a measure of well-being used by some economists. It is objective in the sense that the subjective standard of well-being used in the schedule is measured objectively.
The schedule is as follows:
Per capita FTE (Full-time equivalents; the number of hours worked per person, an average of 40 hours per week, constitutes 1.0 FTE)
Value of equity in property per person
Ratio of property owners to non-owners (as defined as no outstanding liens or balanc ...
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