Understanding and measuring quality of life in Ireland : sustainability, happiness and well-being

In the last decade, the ‘Celtic Tiger’ economy grew at a record rate for a developed country.Nevertheless, there has been much concern regarding the implications of the pace of economic growth for localised environmental quality and life satisfaction generally. It has long been recognised by economists, psychologists and others that traditional macro-measures of national income such as GDP and GNP are inadequate measures of the performance of an economy and wider society – such measures are unable to give value to environmental and social capital and are unable to capture the performance of a country in sustainability terms. The briefing note outlines the various approaches to measuring quality of life and sustainability for Ireland specifically focusing on a modified genuine savings
approach and the use of life satisfaction scores to measure well-being and individual happiness with life. The paper presents results for Ireland. Finally, the paper discusses the importance of this research for developing an evidence-base for public policy and sets out the need for investment in such research.