Monday, June 6, 2011

An Even Better Life?

Last week, in a post titled, It's a Wonderful Life, I discussed the OECD's recently released "Better Life Index" (BLI). The index is made up of eleven different components that are then aggregated, with equal weights, into a single BLI, which you can see here. In addition, the OECD provides an interactive tool so you can select your own weights across the 11 measures, and then make cross-country comparisons.

At the end of that earlier post I noted that one question that I hadn't addressed  was: "What's really driving the variability in the country rankings?" I promised to return to this question - so here we are.