--- canonical_url: "https://csls.ca/ipm-archive/ipm-issue-43/from-economic-productivity-to-productive-well-being-the-role-of-life-satisfaction-and-adjusted-net-savings/" title: "From Economic Productivity to Productive Well-Being: The Role of Life Satisfaction and Adjusted Net Savings" author: name: "CSLS" url: "https://csls.ca/author/cslc/" date_published: "2026-07-13T08:14:48+00:00" date_modified: "2026-07-13T08:14:48+00:00" post_type: "ipm" summary: "" ipm_issue_period: - "Fall 2022" ipm_keyword: - "2005-2018" - "adjusted net savings" - "DEA" - "Europe" - "Luxembourg" - "productive well-being" - "STATEC" - "subjective well-being" - "sustainability" - "TFP" ipm_research_theme: - "Well-being and living standards" ipm_country_focus: - "Europe" - "International" - "Luxembourg" featured_image: "https://csls.ca/wp-content/uploads/2026/06/IPM_50_banner.webp" status: "publish" --- # From Economic Productivity to Productive Well-Being: The Role of Life Satisfaction and Adjusted Net Savings Canonical URL: https://csls.ca/ipm-archive/ipm-issue-43/from-economic-productivity-to-productive-well-being-the-role-of-life-satisfaction-and-adjusted-net-savings/ # From Economic Productivity to Productive Well-Being: The Role of Life Satisfaction and Adjusted Net Savings [Download full PDF article](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-43-4-DiMaria-Peroni-Sarracino.pdf) Cite this article × Cite this article as: DiMaria, Charles-Henri, Chiara Peroni, and Francesco Sarracino. 2022. “From Economic Productivity to Productive Well-Being: The Role of Life Satisfaction and Adjusted Net Savings.” International Productivity Monitor, No. 43 (Fall 2022): 62–80. https://www.csls.ca/ipm-archive/ipm-issue-43/from-economic-productivity-to-productive-well-being-the-role-of-life-satisfaction-and-adjusted-net-savings/ ## Authors: - Charles-Henri DiMaria STATEC Research - Chiara Peroni STATEC Research - Francesco Sarracino STATEC Research ## IPM Issue 43 Fall 2022 pp. 62–80 ## Related IPM articles [Efficiency Adjustment of Hours Worked: Two Possible Modifications of a Jorgensen Production Model Barbara Fraumeni Fall 2025 | IPM Issue 49 | pp. 103–115](https://csls.ca/ipm-archive/ipm-issue-49/efficiency-adjustment-of-hours-worked-two-possible-modifications-of-a-jorgensen-production-model/) [Labour Productivity as a Measure of Technological Change Ulrich Kohli Fall 2025 | IPM Issue 49 | pp. 64–81](https://csls.ca/ipm-archive/ipm-issue-49/labour-productivity-as-a-measure-of-technological-change/) [The Relationship between Efficiencies Defenses for Mergers and TFP Growth Robin Shaban Fall 2025 | IPM Issue 49 | pp. 82–102](https://csls.ca/ipm-archive/ipm-issue-49/the-relationship-between-efficiencies-defenses-for-mergers-and-tfp-growth/) [IPM Issue 49 Editors’ Overview Andrew Sharpe, Bart van Ark, Paul Schreyer Fall 2025 | IPM Issue 49 | pp. 1–2](https://csls.ca/ipm-archive/ipm-issue-49/) [The UK Productivity Slowdown: A Review of Timing, Magnitude, and Drivers Josh Martin Spring 2025 | IPM Issue 48 | pp. 1–34](https://csls.ca/ipm-archive/ipm-issue-48/the-uk-productivity-slowdown-a-review-of-timing-magnitude-and-drivers/) [Appendix: UK Productivity Growth Rates Across Data Vintages and Studies Josh Martin Spring 2025 | IPM Issue 48 | pp. 65–73](https://csls.ca/ipm-archive/ipm-issue-48/appendix-uk-productivity-growth-rates-across-data-vintages-and-studies/) [Opportunities and Risks of Artificial Intelligence for Productivity Francesco Filippucci, Peter Gal, Katharina Laengle, Matthias Schief, Filiz Unsal Spring 2025 | IPM Issue 48 | pp. 1–26](https://csls.ca/ipm-archive/ipm-issue-48/opportunities-and-risks-of-artificial-intelligence-for-productivity/) [Cracking the Productivity Code: An International Comparison of UK Productivity John Van Reenen, Xuyi Yang Spring 2024 | IPM Issue 46 | pp. 60–82](https://csls.ca/ipm-archive/ipm-issue-46/cracking-the-productivity-code-an-international-comparison-of-uk-productivity/) [Appendix: EUKLEMS & INTANProd Industry Coverage and Intangible Asset Treatment Filippo Bontadini, Carol Corrado, Jonathan Haskel, Massimiliano Iommi, Cecilia Jona-Lasinio, Tsutomu Miyagawa Spring 2024 | IPM Issue 46 | pp. 1–4](https://csls.ca/ipm-archive/ipm-issue-46/appendix-euklems-intanprod-industry-coverage-and-intangible-asset-treatment/) [Intangible Capital, TFP Growth and Green Shoots in New Productivity Data Filippo Bontadini, Carol Corrado, Jonathan Haskel, Massimiliano Iommi, Cecilia Jona-Lasinio, Tsutomu Miyagawa Spring 2024 | IPM Issue 46 | pp. 3–37](https://csls.ca/ipm-archive/ipm-issue-46/intangible-capital-tfp-growth-and-green-shoots-in-new-productivity-data/) ## Abstract ## Résumé EN FR Copy link Email LinkedIn Productivity – a driver of economic growth – is not necessarily compatible with societal well-being, nor environmental sustainability. Various authors contributed frameworks to incorporate environmental issues in the measurement of productivity, or studied the role of subjective well-being for productivity. However, studies proposing ways to account for both subjective well-being and sustainability in productivity measurement are scarce. We examine whether and to what extent it is possible to include subjective well-being and sustainability measures among the inputs and/or outputs of a traditional productivity framework. Specifically, we adopt a data-driven approach to test whether subjective wellbeing and adjusted net savings meaningfully contribute to computing a productivity-like indicator. We apply Data Envelopment Analysis (DEA) to European data from 2005 to 2018. We find that including subjective well-being among the inputs and the outputs of production meaningfully contributes to the measurement of total factor productivity. La productivité — un moteur de la croissance économique — n’est pas nécessairement compatible avec le bien-être sociétal ni avec la durabilité environnementale. Divers auteurs ont proposé des cadres pour intégrer les enjeux environnementaux dans la mesure de la productivité, ou ont étudié le rôle du bien-être subjectif pour la productivité. Cependant, les études proposant des façons de tenir compte à la fois du bien-être subjectif et de la durabilité dans la mesure de la productivité sont rares. Nous examinons si et dans quelle mesure il est possible d’inclure le bien-être subjectif et des mesures de durabilité parmi les intrants et/ou les extrants d’un cadre de productivité traditionnel, en adoptant une approche fondée sur les données pour tester si ces éléments contribuent de façon significative au calcul d’un indicateur de type productivité. [Download full PDF](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-43-4-DiMaria-Peroni-Sarracino.pdf)