Jump to ContentJump to Main Navigation
Show Summary Details
More options …

Review of Economic Perspectives

Národohospodárský obzor; The Journal of Masaryk University

4 Issues per year

CiteScore 2016: 0.50

SCImago Journal Rank (SJR) 2016: 0.262
Source Normalized Impact per Paper (SNIP) 2016: 0.516

Open Access
See all formats and pricing
More options …
Volume 15, Issue 1


Well-being in the Czech Republic in an Aggregate Perspective

Kamila Fialová / Pavel Štika
Published Online: 2015-04-18 | DOI: https://doi.org/10.1515/revecp-2015-0012


The article assesses well-being in the Czech Republic compared to other Visegrad countries (Slovakia, Hungary, Poland) and neighbouring Germany and Austria. By employing various approaches designed by several international organisations it takes an aggregate perspective to assess both the current well-being and its sustainability into the future. All employed indicators that relate to current well-being evaluate the well-being in the Czech Republic as moderate among the OECD countries. The results indicate that the position in well-being rankings improves with the growing number of dimensions or subjective factors included in the well-being measure, mainly due to the reduction in relative importance of income dimension and higher emphasis on the multidimensionality and complexity of well-being. In the case of sustainability, large differences can be identified in evaluation stemming from Happy Planet Index and Sustainable Society Index perspective. Although both of them agree on unfavourable situation as regards environmental sustainability in the Czech Republic, different accent on economic area alters the final result substantially. The analysis shows that for any well-being assessment, the choice of indicators is crucial and a large portion of caution is necessary when interpreting these.

Keywords : well-being; sustainability; subjective life satisfaction; comparative studies


  • ABDALLAH, S., MICHAELSON, J., SHAH, S., STOLL, L., MARKS, N. (2012). The Happy Planet Index: 2012 Report. A global index of sustainable well-being. London: NEF.Google Scholar

  • BARTOLINI, S., MIKUCKA, M., SARRACINO, F. (2012). Money, Trust and Happiness in Transition Countries: Evidence from Time Series. Working Paper No. 2012-4, Luxembourg: CEPS/INSTEAD.Google Scholar

  • BOARINI, R., D'ERCOLE, M. M. (2013). Going beyond GDP: An OECD Perspective. Fiscal Studies. 34. Pp. 289-314.Google Scholar

  • BOARINI, R., COHEN, G., DENIS, V., RUIZ, N. (2011). Designing Your Better Life Index: methodology and results. Statistics Directorate Working Paper. Paris: OECD.Google Scholar

  • BOARINI, R. et al. (2012). What Makes for a Better Life?: The Determinants of Subjective Well-Being in OECD Countries - Evidence from the Gallup World Poll. OECD Statistics Working Papers, 2012/03. OECD Publishing.Google Scholar

  • DECANCQ, K., VAN OOTEGEM, L., VERHOFSTADT, E. (2013). What If We Voted on the Weights of a Multidimensional Well-Being Index? An Illustration with Flemish Data. Fiscal Studies. 34. Pp. 315-332.Web of ScienceGoogle Scholar

  • DI TELLA, R., MACCULLOCH, R. (2006). Some uses of happiness data in economics. The Journal of Economic Perspectives, 20(1). Pp. 25-46.CrossrefGoogle Scholar

  • EASTERLIN, R. A. (1974). Does Economic Growth Improve the Human Lot? Some Empirical Evidence. In David, P., Reder, M. (ed.). Nations and Household in Economic growth: essays in Honor of Moses Abramovitz. New York: Academic press.Google Scholar

  • EASTERLIN, R. A. (2009). Lost in Transition: Life Satisfaction on the Road to Capitalism. Journal of Economic Behavior and Organization. 71(1). Pp. 130-145.Google Scholar

  • EC. (2009). GDP and Beyond. Measuring Progress in a Changing World. Commission of the European Communities COM(2009) 433.Google Scholar

  • EUROSTAT. (2011). Sustainable Development in the European Union - 2011 Monitoring Report of the EU Sustainable Development Strategy. Luxembourg: Publications Office of the European Union.Google Scholar

  • FLECHE, S., SMITH, C., SORSA, P. (2012). Exploring Determinants of Subjective Wellbeing in OECD Countries: Evidence from the World Value Survey. OECD Statistics Working Papers, 2012/01. Paris: OECD Publishing.Google Scholar

  • HAGERTY, M. R., LAND, K. C. (2007). Constructing summary indices of quality of life: a model for the effect of heterogeneous importance weights. Sociological Methods and Research. 35. Pp. 455-96.Google Scholar

  • HÁK, T., JANOUŠKOVÁ, S. (2013). “Beyond GDP” Indicators in the Czech Republic. Statistika. 93(2). Pp. 86-99.Google Scholar

  • HAMPLOVÁ, D. (2004). Životní spokojenost: rodina, práce a další faktory. Sociologická studie 04(06). Praha: SOÚ AV CR.Google Scholar

  • HELLIWELL, J.F. et al. (2009). International Evidence on the social context of Well Being. NBER Working Papers, 14720, National Bureau of Economic Research.Google Scholar

  • KAHNEMAN, D., Deaton, A. (2010), High income improves evaluation of life but not emotional well-being. Proceedings of the National Academy of Sciences of the United States of America. 107. Pp. 16489-93.Google Scholar

  • MACKERRON, G. (2011). Happiness economics from 35,000 feet. Journal of Economic Surveys. 26(4). Pp.705 - 735.Web of ScienceGoogle Scholar

  • OECD. (2009). Society at a Glance 2009: OECD Social Indicators. OECD Publishing. doi: 10.1787/soc_glance-2008-en.CrossrefGoogle Scholar

  • OECD. (2011). How’s Life? Measuring Well-Being. OECD Publishing. http://dx.doi.org/10.1787/9789264121164-en.CrossrefGoogle Scholar

  • OECD. (2013). How’s Life? 2013: Measuring Well-Being. OECD Publishing. http://dx.doi.org/10.1787/9789264201392-en.CrossrefGoogle Scholar

  • SELEZNEVA, E. (2011). Surveying transitional experience and subjective well-being: Income, work and family. Economic Systems. 35(2). Pp. 139-157.Google Scholar

  • SACKS, D. W., STEVENSON, B., WOLFERS, J. (2010). Subjective well-being, income, economic development and growth. NBER Working Paper no. 16441.Google Scholar

  • SIROVÁTKA, T., SAXONBERG, S. (2011). Life Satisfaction and Happiness in the Czech Republic. In: Greve, B. (ed.) Happiness and Social Policy in Europe. Cheltenham: Edward Elgar. Pp. 11-30.Google Scholar

  • STIGLITZ, J. E., SEN, A., FITOUSSI, J.P. (2008). Report by the Commission on the Measurement of Economic Performance and Social Progress. Retrieved December 12, 2013, from http://www.stiglitz-senfitoussi.fr/documents/rapport_anglais.pdf. Google Scholar

  • Štika, P. (2009). Ekonomie a štestí. Politická ekonomie. 57(2). Pp. 250-262. VAN DE KERK, G., MANUEL, A.R. (2008). A comprehensive index for a sustainable society: The SSI - the Sustainable Society Index. Ecological Economics. 66(2-3). Pp. 228-242.Google Scholar

  • VECERNÍK, J. (2012). Subjektivní indikátory blahobytu: prístupy, merení a data. Politická ekonomie. 60(3). Pp. 291-308.Google Scholar

  • VECERNÍK, J., MYSÍKOVÁ, M. (2014a). Subjektivní blahobyt v Ceské republice a strední Evrope: makro- a mikro-determinanty. Politická ekonomie. 61(2). Pp. 249-269.Google Scholar

  • VECERNÍK, J., MYSÍKOVÁ, M. (2014b). (Un)happy transition? Subjective Wellbeing in European Countries in 1991-2008 and Beyond. WIFO Working Paper, No. 467Google Scholar

About the article

Published Online: 2015-04-18

Published in Print: 2015-03-01

Citation Information: Review of Economic Perspectives, Volume 15, Issue 1, Pages 71–88, ISSN (Online) 1804-1663, DOI: https://doi.org/10.1515/revecp-2015-0012.

Export Citation

© by Kamila Fialová. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License. BY-NC-ND 3.0

Comments (0)

Please log in or register to comment.
Log in