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Emotional Prosperity and the Stiglitz Commission

Author

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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.

Suggested Citation

  • Oswald, Andrew J., 2010. "Emotional Prosperity and the Stiglitz Commission," IZA Discussion Papers 5390, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp5390
    as

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    References listed on IDEAS

    as
    1. Gachter, Simon & Herrmann, Benedikt & Thoni, Christian, 2004. "Trust, voluntary cooperation, and socio-economic background: survey and experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 55(4), pages 505-531, December.
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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 21:00:28

    Citations

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    Cited by:

    1. Charles Kenny, 2011. "Bentham from the Crypt Once More: Politicians in Pursuit of Happiness," Working Papers id:4332, eSocialSciences.
    2. repec:zbw:hohpro:342 is not listed on IDEAS
    3. D.P. Doessel & Ruth F.G. Williams, 2012. "The New Welfare Measures," Working Papers 2012.07, School of Economics, La Trobe University.
    4. 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.
    5. 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.
    6. Böckerman, Petri & Bryson, Alex & Ilmakunnas, Pekka, 2012. "Does high involvement management improve worker wellbeing?," Journal of Economic Behavior & Organization, Elsevier, pages 660-680.
    7. Leonardo Becchetti & Riccardo Massari & Paolo Naticchioni, 2014. "The drivers of happiness inequality: suggestions for promoting social cohesion," Oxford Economic Papers, Oxford University Press, pages 419-442.
    8. repec:old:wpaper:342 is not listed on IDEAS
    9. 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.
    10. Blanchflower, David G; Oswald, Andrew, 2011. "International Happiness," CAGE Online Working Paper Series 39, Competitive Advantage in the Global Economy (CAGE).
    11. Haile, Getinet Astatike, 2016. "Workplace Disability: Whose Wellbeing Does It Affect?," IZA Discussion Papers 10102, Institute for the Study of Labor (IZA).
    12. 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.
    13. 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.
    14. 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.
    15. 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).

    More about this item

    Keywords

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

    JEL classification:

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

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