Happy Life Years
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A concept developed by the Dutch Sociologist Ruut Veenhoven[1], this is a proxy measure of well-being combining subjective data (subjective life satisfaction, measured on a scale of 0 to 10) and objective data (life expectancy).
Happy Life Years = ( Life Satisfaction × Life Expectancy ) / 10
Happy Life Years was used in the recent Happy Planet Index developed by the new economics foundation (nef) in July 2006, to explore the sustainability of our well-being.