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Emotional Prosperity and the Stiglitz Commission

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  • Andrew J. Oswald

Abstract

This article argues - in line with the proposals of the recent Stiglitz Commission on the Measurement of Economic Performance and Social Progress - that we should now be measuring a nation's emotional prosperity rather than its economic prosperity (i.e. we ought to focus on the level of mental well-being, not on the number of pounds in people's bank accounts). The article reviews recent ideas in this field. It also describes seven recent studies that, worryingly, suggest that emotional prosperity may be declining through time. For labour-market specialists, a key question for future research is how much this downward trend can be traced back to increased pressures in working life. That question currently remains open. Copyright (c) Blackwell Publishing Ltd/London School of Economics 2010.

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Bibliographic Info

Article provided by London School of Economics in its journal British Journal of Industrial Relations.

Volume (Year): 48 (2010)
Issue (Month): 4 (December)
Pages: 651-669

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Handle: RePEc:bla:brjirl:v:48:y:2010:i:4:p:651-669

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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Cakes, capitalism & happiness
    by chris dillow in Stumbling and Mumbling on 2011-12-21 15:00:28
  2. Happiness policy
    by chris dillow in Stumbling and Mumbling on 2010-11-15 17:02:09
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Cited by:
  1. Pugno, Maurizio, 2013. "Scitovsky and the income-happiness paradox," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 43(C), pages 1-10.
  2. Heinz Welsch & Jan Kühling, 2011. "Comparative Economic Performance and Institutional Change in OECD Countries: Evidence from Subjective Well-Being Data," Working Papers V-342-11, University of Oldenburg, Department of Economics, revised Dec 2011.
  3. Alex Bryson & Petri Böckerman & Pekka Ilmakunnas, 2011. "Does High Involvement Management Improve Worker Wellbeing?," CEP Discussion Papers dp1095, Centre for Economic Performance, LSE.
  4. G. Madonia & M. Cracolici & M. Cuffaro, 2013. "Exploring Wider Well-Being in the EU-15 Countries: An Empirical Application of the Stiglitz Report," Social Indicators Research, Springer, vol. 111(1), pages 117-140, March.
  5. Charles Kenny, 2011. "Bentham from the Crypt Once More: Politicians in Pursuit of Happiness," Working Papers id:4332, eSocialSciences.
  6. Blanchflower, David G; Oswald, Andrew, 2011. "International Happiness," CAGE Online Working Paper Series 39, Competitive Advantage in the Global Economy (CAGE).
  7. repec:old:wpaper:342 is not listed on IDEAS
  8. D.P. Doessel & Ruth F.G. Williams, 2012. "The New Welfare Measures," Working Papers 2012.07, School of Economics, La Trobe University.

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