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Happiness, Growth, and Public Policy

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  • Easterlin, Richard A.

    ()
    (University of Southern California)

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    Abstract

    If society's goal is to increase people's feelings of well-being, economic growth in itself will not do the job. Full employment and a generous and comprehensive social safety net do increase happiness. Such policies are arguably affordable not only in higher income nations but also in countries that account for most of the population of the less-developed world. These conclusions are suggested by an analysis of a wide range of evidence on happiness in countries throughout the world.

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    Bibliographic Info

    Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7234.

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    Length: 51 pages
    Date of creation: Feb 2013
    Date of revision:
    Handle: RePEc:iza:izadps:dp7234

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    Related research

    Keywords: happiness; life satisfaction; subjective well-being; economic growth; safety net policies; developed countries; transition countries; less developed countries; China;

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    Cited by:
    1. Beja Jr., Edsel, 2013. "Does economic prosperity bring about a happier society? Empirical remarks on the Easterlin Paradox debate sans Happiness Adaptation," MPRA Paper 50633, University Library of Munich, Germany.
    2. Beja Jr., Edsel, 2013. "Does economic prosperity bring about a happier society? Empirical remarks on the Easterlin Paradox debate," MPRA Paper 49446, University Library of Munich, Germany.

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