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EXTENDED WELFARE MEASUREMENT

The 2008 global financial and economic crisis coupled with increasing risks due to the transgression of environmental boundaries (e.g. biodiversity loss, climate change, nitrogen surplus) as well as processes of growing inequality and social fragmentation in many countries show that a narrowly understood measurement of well-being that is overly focused on economic indicators does not do justice to the challenges of our time. Following on from RWI's involvement in the study commission "Growth, Prosperity, Quality of Life" (2011-2013) of the German Bundestag, the research group contributes via projects (e.g. for the German Environment Agency) and in institutions like SDSN Germany to the establishment of an extended welfare measurement.