Comments on Working Papers are welcomed, and may be sent to the Statistics Directorate, OECD, 2 rue Andre-Pascal, 75775 Paris Cedex 16, France. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law. This measurement framework builds on the equivalent income approach to develop an indicator of Multidimensional Living Standards (MDLS) that combines monetary (income) and non-monetary (health and jobs) benefits from economic growth and aggregates them across individuals with different characteristics.