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Impact on the Sustainable Development Goals (SDGs)

Analysis of institutional authors

Sanchis, RaulAuthor

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June 24, 2024
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The WELLBY: a new measure of social value and progress

Publicated to: Humanities & Social Sciences Communications. 11 (1): 736- - 2024-06-08 11(1), DOI: 10.1057/s41599-024-03229-5

Authors:

Frijters, P; Krekel, C; Sanchis, R; Santini, ZI
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Affiliations

London Sch Econ, London, England - Author
Univ Copenhagen, Copenhagen, Denmark - Author
Univ Politecn Madrid, Madrid, Spain - Author
Univ Southern Denmark, Odense, Denmark - Author
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Abstract

We introduce the WELLBY, a new measure of social value and progress, which can contribute to the assessment of progress towards the wellbeing of the economy and steer towards activities with the most wellbeing per financial resources invested. After providing a short rationale for the WELLBY, we give a definition and an overview of its properties. We then show how WELLBYs can help decision-makers with ex-ante policy appraisals and deliver a practical example of a youth traineeship programme. We also discuss how coefficients from ex-post wellbeing policy evaluations are now being collected as part of social value banks around the world, feeding into future appraisals. Finally, we illustrate how WELLBYs can be used to measure social progress overall, going beyond GDP.
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Keywords

Decent work and economic growthHappinessHealthJudgmentsLife satisfactionPositive affectStabilityVariabilityWoul

Quality index

Bibliometric impact. Analysis of the contribution and dissemination channel

The work has been published in the journal Humanities & Social Sciences Communications due to its progression and the good impact it has achieved in recent years, according to the agency WoS (JCR), it has become a reference in its field. In the year of publication of the work, 2024 there are still no calculated indicators, but in 2023, it was in position 19/273, thus managing to position itself as a Q1 (Primer Cuartil), in the category Social Sciences, Interdisciplinary. Notably, the journal is positioned above the 90th percentile.

Independientemente del impacto esperado determinado por el canal de difusión, es importante destacar el impacto real observado de la propia aportación.

Según las diferentes agencias de indexación, el número de citas acumuladas por esta publicación hasta la fecha 2026-04-27:

  • WoS: 9
  • Scopus: 10
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Impact and social visibility

From the perspective of influence or social adoption, and based on metrics associated with mentions and interactions provided by agencies specializing in calculating the so-called "Alternative or Social Metrics," we can highlight as of 2026-04-27:

  • The use, from an academic perspective evidenced by the Altmetric agency indicator referring to aggregations made by the personal bibliographic manager Mendeley, gives us a total of: 21.
  • The use of this contribution in bookmarks, code forks, additions to favorite lists for recurrent reading, as well as general views, indicates that someone is using the publication as a basis for their current work. This may be a notable indicator of future more formal and academic citations. This claim is supported by the result of the "Capture" indicator, which yields a total of: 21 (PlumX).

With a more dissemination-oriented intent and targeting more general audiences, we can observe other more global scores such as:

  • The Total Score from Altmetric: 6.
  • The number of mentions on the social network X (formerly Twitter): 4 (Altmetric).

It is essential to present evidence supporting full alignment with institutional principles and guidelines on Open Science and the Conservation and Dissemination of Intellectual Heritage. A clear example of this is:

  • The work has been submitted to a journal whose editorial policy allows open Open Access publication.
Continuing with the social impact of the work, it is important to emphasize that, due to its content, it can be assigned to the area of interest of ODS 8 - Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all, with a probability of 63% according to the mBERT algorithm developed by Aurora University.
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Leadership analysis of institutional authors

This work has been carried out with international collaboration, specifically with researchers from: Denmark; United Kingdom.

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Project objectives

Los objetivos perseguidos en esta aportación son los siguientes: introducir el WELLBY como una nueva medida de valor social y progreso; definir y describir las propiedades del WELLBY; demostrar cómo el WELLBY puede asistir a los responsables políticos en evaluaciones ex-ante de políticas; presentar un ejemplo práctico aplicado a un programa de formación juvenil; analizar la recopilación de coeficientes derivados de evaluaciones ex-post de políticas de bienestar en bancos de valor social globales; y mostrar la utilidad del WELLBY para medir el progreso social más allá del PIB.
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Most relevant results

El estudio presenta el WELLBY como una innovadora métrica de valor social y progreso. Los resultados más relevantes son: el WELLBY permite evaluar el bienestar económico y orientar recursos hacia actividades con mayor bienestar por inversión; se define y describen sus propiedades fundamentales; se demuestra su utilidad en evaluaciones ex-ante de políticas públicas mediante un ejemplo práctico de un programa de formación juvenil; se destaca la recopilación global de coeficientes de evaluaciones ex-post de políticas de bienestar para bancos de valor social; y se ilustra su aplicación para medir el progreso social de forma integral, superando las limitaciones del PIB.
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