[영문]This paper is an attempt to translate empirically some of the categorizations of human developmentreviewed by Alkire (2002). It compares the estimates of human development obtained on the basis ofSen’s (1985) capability approach, Narayan et al.’s (2000) dimensions of well-being, Cummins (1996)domains of life satisfaction and Allardt’s (1993) comparative Scandinavian welfare study. To obtainthese estimates of human development use is made of techniques developed in efficiency analysis, anapproach rarely applied to the study of consumption and standards of living (see, however, Lovellet al., 1994). Our database is the British Household Panel Survey. Our findings vindicate the multidimensionalapproach to human development but show a great empirical resemblance between thefour conceptual approaches to well-being.