Going beyond GDP and the problem of construct validity in well-being science: what are we really measuring

Key Points

• Examine the limitations of GDP as a metric for well-being and the importance of construct validity in measurement.
• Literature review of well-being metrics
• Analysis of GDP limitations
• Discussion on alternative measures for well-being
• Identified key shortcomings of GDP in measuring well-being
• Highlighted the importance of construct validity
• Suggested diverse metrics for a more accurate assessment of well-being

Abstract