What we measure as well-being and how we measure it makes a difference.
It matters for what we regard as economic activity and what not, what we see as worthwhile to include and what not, whose work we value and whose work not, and it matters for what we regard as important and as mere side effects of economic activity
In her chapter in the recently published Routledge Handbook of Feminist Economics (edited by Günseli Berik, Ebru Kongar), Professor Irene van Staveren discusses various types of gender-aware well-being measures. She argues that it matters what we regard as economic activity and what not, what we see as worthwhile to include and what not, whose work we value and whose work not, and it matters for what we regard as important and as mere side effects of economic activity.
Inequality, equality and progress indicators
For example, she introduces the Gender Inequality Index (GII) which measures male-female differences without favoring the disadvantages of one sex over the other, that is female disadvantage in one can be compensated by male disadvantage in another.
Alongside the GII, she also discusses the Gender Equality Index from the ISS database Indices of Social Development.
Another well-being indicator that she discusses in the Genuine Progress Indicator (GPI) which is available for a limited number of countries due to lack of data and has been argued to fall short of capturing sustainability concerns. The GPI framework could report some of its components in gender-disaggregated terms (such as housework, leisure time, underemployment) and gender-aware narratives about non-quantifiable dimensions of well-being could complement the GPI.
Download and read the full chapter - 'Measurement of well-being'