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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.

Suggested Citation

  • Andrew J. Oswald, 2010. "Emotional Prosperity and the Stiglitz Commission," British Journal of Industrial Relations, London School of Economics, vol. 48(4), pages 651-669, December.
  • Handle: RePEc:bla:brjirl:v:48:y:2010:i:4:p:651-669
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    References listed on IDEAS

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    Cited by:

    1. repec:old:wpaper:342 is not listed on IDEAS
    2. Blanchflower, David G; Oswald, Andrew, 2011. "International Happiness," CAGE Online Working Paper Series 39, Competitive Advantage in the Global Economy (CAGE).
    3. Mujcic, Redzo, 2014. "Are fruit and vegetables good for our mental and physical health? Panel data evidence from Australia," MPRA Paper 59149, University Library of Munich, Germany.
    4. Böckerman, Petri & Bryson, Alex & Ilmakunnas, Pekka, 2012. "Does high involvement management improve worker wellbeing?," Journal of Economic Behavior & Organization, Elsevier, vol. 84(2), pages 660-680.
    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. Böckerman, Petri & Ilmakunnas, Pekka, 2017. "Do Good Working Conditions Make You Work Longer? Evidence on Retirement Decisions Using Linked Survey and Register Data," IZA Discussion Papers 10964, Institute for the Study of Labor (IZA).
    7. 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: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 111(1), pages 117-140, March.
    8. Petri Böckerman & Edvard Johansson & Samuli Saarni & Suoma Saarni, 2014. "The Negative Association of Obesity with Subjective Well-Being: Is it All About Health?," Journal of Happiness Studies, Springer, vol. 15(4), pages 857-867, August.
    9. 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.
    10. repec:spr:soinre:v:135:y:2018:i:1:d:10.1007_s11205-016-1478-z is not listed on IDEAS
    11. Haile, Getinet Astatike, 2016. "Workplace Disability: Whose Wellbeing Does It Affect?," IZA Discussion Papers 10102, Institute for the Study of Labor (IZA).
    12. Franz Buscha, 2016. "Does Daily Sunshine Make You Happy? Subjective Measures of Well-Being and the Weather," Manchester School, University of Manchester, vol. 84(5), pages 642-663, September.
    13. Melanie K. Jones, 2016. "Disability and Perceptions of Work and Management," British Journal of Industrial Relations, London School of Economics, vol. 54(1), pages 83-113, March.
    14. Eduardo Bericat, 2014. "The Socioemotional Well-Being Index (SEWBI): Theoretical Framework and Empirical Operationalisation," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 119(2), pages 599-626, November.
    15. repec:zbw:hohpro:342 is not listed on IDEAS
    16. D.P. Doessel & Ruth F.G. Williams, 2012. "The New Welfare Measures," Working Papers 2012.07, School of Economics, La Trobe University.
    17. Charles Kenny, 2011. "Bentham from the Crypt Once More: Politicians in Pursuit of Happiness," Working Papers id:4332, eSocialSciences.

    More about this item

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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