Session 1 of the virtual event series on Implementing a well-being approach to policy and international partnerships in Latin America, 28-30 June 2022, More information at: https://www.oecd.org/wise/lac-well-being-metrics.htm
4. 4
Main strengths
• Summarise complex concepts.
• Enable policy makers to track progress towards achieving goals.
• Facilitate benchmarking.
• Improve transparency and accountability.
• Raise awareness; facilitate better – informed policy making.
5. 5
Strengths
Common pitfalls
• Provide misleading messages/ Lead to inappropriate policies.
• Oversimplification - simplistic policy conclusions.
• Misuse (lack of transparency, statistical/ conceptual principles are not followed).
• The selection of metrics and weights can be challenged.
6. 6
The making of the framework…
Internal
consistency
Transparency
7. 7
The EU Multidimensional Inequality Monitoring
Framework (EU MIMF)
Knowledge and
skills
Health
Material living
conditions
Natural and
environmental
conditions
Working life
Cultural life
and recreation
Social and
family life
Political
participation
and voice
Overall life
experience
Bodily integrity
and safety
346 indicators
5 different approaches
• horizontal inequality
• vertical inequality
• Inequality of opportunity
• Intergenerational mobility
• presence of discriminatory
norms, attitudes and practices
Variety of sources
https://composite-indicators.jrc.ec.europa.eu/multidimensional-inequality