The 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 ...
The well-being or quality of life of a population is an important concern in economics and political science. There are many components to well-being. A large part is standard of living, the amount of money and access to goods and services that a person has; these numbers are fairly easily measured. Others like freedom, happiness, art, environmental health, and innovation are far harder to measure. This has created an inevitable imbalance as programs and policies are created to fit the easily available economic numbers while ignoring the other me ...
The term has often been used, since the 1980s, in connection with the presence or absence of so-called victimless crimes, its users in this sense citing the incidence of these to gauge the inherent level of disorder in a society at a particular time. Users of the term in this application — who tend to be political and/or social conservatives — often refer to victimless crimes by the alternate name of "quality-of-life crimes." In conjunction with this, American sociologist James Q. Wilson has articulated what he calls the Broken Window ...
The measures often used in the study of health care are 'quality-adjusted life years' (QALYs) and the related 'disability-adjusted life years' (DALYs); both equal 1 for each year of full-health life, and less than 1 for various degrees of illness or disability. Thus the cost-effectiveness of a treatment can be assessed by the cost per QALY or DALY it produces; for example, a cancer treatment which costs $10,000 and on average gives the patient 2 extra years of full health costs $5000 per QALY. Assessing treatments in this way avoids the much ...
