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Emotional Prosperity and the Stiglitz Commission

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  • Oswald, Andrew J.

    ()
    (University of Warwick)

Abstract

This paper 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 (that is, we ought to focus on the level of mental well-being not the number of pounds in people's bank accounts). The paper 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.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5390.

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Length: 31 pages
Date of creation: Dec 2010
Date of revision:
Publication status: published in: British Journal of Industrial Relations, 2010, 48 (4), 651 - 669
Handle: RePEc:iza:izadps:dp5390

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Related research

Keywords: Easterlin paradox; happiness; GHQ; biomarkers; well-being;

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Happiness policy
    by chris dillow in Stumbling and Mumbling on 2010-11-15 17:02:09
  2. Cakes, capitalism & happiness
    by chris dillow in Stumbling and Mumbling on 2011-12-21 15:00:28
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Cited by:
  1. 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.
  2. Alex Bryson & Petri Böckerman & Pekka Ilmakunnas, 2011. "Does High Involvement Management Improve Worker Wellbeing?," CEP Discussion Papers dp1095, Centre for Economic Performance, LSE.
  3. 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.
  4. David G. Blanchflower & Andrew J. Oswald, 2011. "International Happiness," NBER Working Papers 16668, National Bureau of Economic Research, Inc.
  5. 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.
  6. repec:old:wpaper:342 is not listed on IDEAS
  7. D.P. Doessel & Ruth F.G. Williams, 2012. "The New Welfare Measures," Working Papers 2012.07, School of Economics, La Trobe University.
  8. Charles Kenny, 2011. "Bentham from the Crypt Once More: Politicians in Pursuit of Happiness," Working Papers id:4332, eSocialSciences.

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