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Can “happiness data” help evaluate economic policies?

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  • MacCulloch, Robert

Abstract

Imagine a government confronted with a controversial policy question, like whether it should cut the level of unemployment benefits. Will social welfare rise as a result? Will some groups be winners and other groups be losers? Will the welfare gap between the employed and unemployed increase? “Happiness data” offer a new way to make these kinds of evaluations. These data allow us to track the well-being of the whole population, and also sub-groups like the employed and unemployed people, and correlate the results with relevant policy changes.

Suggested Citation

  • MacCulloch, Robert, 2016. "Can “happiness data” help evaluate economic policies?," Motu Working Papers 290577, Motu Economic and Public Policy Research.
    • Handle: RePEc:ags:motuwp:290577
    DOI: 10.22004/ag.econ.290577
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