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Happiness And Economic Growth
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Book Synopsis Happiness and Economic Growth by : Andrew E. Clark
Download or read book Happiness and Economic Growth written by Andrew E. Clark and published by Oxford University Press, USA. This book was released on 2014 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the relationship between income and subjective well-being, and in particular in the context of developing countries. Several chapters focus on China and underline how the rise in unemployment and income inequality has undermined the well-being effects of economic development.
Book Synopsis Happiness and Economic Growth by : Andrew E. Clark
Download or read book Happiness and Economic Growth written by Andrew E. Clark and published by OUP Oxford. This book was released on 2014-11-20 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, arising from a PSE-CEPREMAP-DIMeco conference, includes contributions by the some of the best-known researchers in happiness economics and development economics, including Richard Easterlin, who gave his name to the 'Easterlin paradox' that GDP growth does not improve happiness over the long run. Many chapters underline the difficulty of increasing well-being in developing countries, including China, even in the presence of sustained income growth. This is notably due to the importance of income comparisons to others, adaptation (so that we get used to higher income), and the growing inequality of income. In particular, rank in the local income distribution is shown to be important, creating a beggar-thy-neighbour effect in happiness. Wealth comparisons in China are exacerbated by the gender imbalance, as the competition for brides creates a striking phenomenon of conspicuous consumption on the housing market. Policy has to be aware of these effects. This applies in particular to those who try to use self-reported subjective well-being in order to generate a 'social subjective poverty line', which is a key issue in developing countries. However, the news is not only bad from the point of view of developing countries. One piece of good news is that GDP growth often seems to go hand-in-hand with lower happiness inequality, and thereby reduces the risk of extreme unhappiness.
Book Synopsis Global Handbook of Quality of Life by : Wolfgang Glatzer
Download or read book Global Handbook of Quality of Life written by Wolfgang Glatzer and published by Springer. This book was released on 2015-01-22 with total page 878 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides a comprehensive historical account of the field of Quality of Life. It brings together theoretical insights and empirical findings and presents the main items of global quality of life and wellbeing research. Worldwide in its scope of topics, the handbook examines discussions of demographic and health development, the spread of democracy, global economic accounting, multi-item measurement of perceived satisfaction and expert-assessed quality of life and the well-being of children, women and poor people. It looks at well-being in specific regions, including North and Sub-Saharan Africa, Asia, South America and Eastern and Western Europe. In addition to contributions by leading and younger authors, the handbook includes contributions from International Organizations about their own work with respect to social reporting.
Book Synopsis Measuring Happiness by : Joachim Weimann
Download or read book Measuring Happiness written by Joachim Weimann and published by MIT Press. This book was released on 2015-02-06 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can money buy happiness? Is income a reliable measure for life satisfaction? In this book, three economists explore the happiness-prosperity connection, investigating how economists measure life satisfaction and well-being. --
Book Synopsis Happiness and Economics by : Bruno S. Frey
Download or read book Happiness and Economics written by Bruno S. Frey and published by Princeton University Press. This book was released on 2010-11-16 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Curiously, economists, whose discipline has much to do with human well-being, have shied away from factoring the study of happiness into their work. Happiness, they might say, is an ''unscientific'' concept. This is the first book to establish empirically the link between happiness and economics--and between happiness and democracy. Two respected economists, Bruno S. Frey and Alois Stutzer, integrate insights and findings from psychology, where attempts to measure quality of life are well-documented, as well as from sociology and political science. They demonstrate how micro- and macro-economic conditions in the form of income, unemployment, and inflation affect happiness. The research is centered on Switzerland, whose varying degrees of direct democracy from one canton to another, all within a single economy, allow for political effects to be isolated from economic effects. Not surprisingly, the authors confirm that unemployment and inflation nurture unhappiness. Their most striking revelation, however, is that the more developed the democratic institutions and the degree of local autonomy, the more satisfied people are with their lives. While such factors as rising income increase personal happiness only minimally, institutions that facilitate more individual involvement in politics (such as referendums) have a substantial effect. For countries such as the United States, where disillusionment with politics seems to be on the rise, such findings are especially significant. By applying econometrics to a real-world issue of general concern and yielding surprising results, Happiness and Economics promises to spark healthy debate over a wide range of the social sciences.
Book Synopsis Nations and Households in Economic Growth by : Paul A. David
Download or read book Nations and Households in Economic Growth written by Paul A. David and published by Academic Press. This book was released on 2014-05-10 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nations and Households in Economic Growth: Essays in Honor of Moses Abramovitz is a collection of papers that reflect the broad sweep of Moses Abramovitz’s interests within the disciplines of economics and economic history. This work is organized into two parts encompassing 14 chapters. The first part discusses the individual and social welfare significance of quantitative indices of economic growth. This part also deals with the mechanisms of economic-demographic interdependence and their bearing particularly upon “long swings in the rate of growth. The second part highlights the changing role of international relations in processes generating national economic development and domestic economic instability. This book will be of value to economists, historians, and researchers.
Book Synopsis Happiness, Economics and Politics by : Amitava Krishna Dutt
Download or read book Happiness, Economics and Politics written by Amitava Krishna Dutt and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: For those already drawn by the allure of happiness studies, Dutt and Radcliff here provide a rich tour of the frontier in the field. And for curmudgeons, this work goes far to defuse the skeptical reflex. It is subtle, intelligent, wide-ranging, informative and even readable throughout. James K. Galbraith, The University of Texas at Austin, US This timely and important book presents a unique study of happiness from both economic and political perspectives. It offers an overview of contemporary research on the emergent field of happiness studies and contains contributions by some of the leading figures in the field. General issues such as the history and conceptualization of happiness are explored, and the underpinning theories and empirics analyzed. The ways in which economic and political factors both separately and interactively affect the quality of human life are examined, illustrating the importance of a self-consciously multi-disciplinary approach to the field. In particular, the effects of consumption, income growth, inequality, discrimination, democracy, the nature of government policies, and labor organization on happiness are scrutinized. In conclusion, the contributors prescribe what can and should be done at individual and societal levels to improve human well-being and happiness. This wide-ranging and interdisciplinary book makes a unique contribution to the literature. As such, it will prove a fascinating read for students and scholars of economics, political science, psychology, sociology, and of course, to those with a special interest in the analysis of happiness and human well-being.
Book Synopsis Happiness, Growth, and the Life Cycle by : Richard A. Easterlin
Download or read book Happiness, Growth, and the Life Cycle written by Richard A. Easterlin and published by OUP Oxford. This book was released on 2010-11-25 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second in a series of books published with the IZA and honoring the work of its annual prize winners in labour economics. It presents Richard Easterlin's outstanding research on the analysis of subjective well-being, and on the relationship between demographic developments and economic outcomes.
Book Synopsis The Economics of Happiness by : Mariano Rojas
Download or read book The Economics of Happiness written by Mariano Rojas and published by Springer Nature. This book was released on 2019-09-13 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a panoramic view of the implications from Richard Easterlin’s groundbreaking work on happiness and economics. Contributions in the book show the relevance of the Easterlin Paradox to main areas, such as the relationship between income and happiness, the relationship between economic growth and well-being, conceptions of progress and development, design and evaluation of policies for well-being, and the use of happiness research to address welfare economics issues. This book is unique in the sense that it gathers contributions from senior and top researchers in the economics of happiness, whom have played a central role in the consolidation of happiness economics, as well as promising young scholars, showing the current dynamism and consolidation of happiness economics.
Book Synopsis Happiness and Economic Growth by : Andrew E. Clark
Download or read book Happiness and Economic Growth written by Andrew E. Clark and published by . This book was released on 2014 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title analyses the relationship between income and subjective well-being, and in particular in the context of developing countries. Several chapters focus on China and underline how the rise in unemployment and income inequality has undermined the well-being effects of economic development.
Book Synopsis Economic Ideas You Should Forget by : Bruno S. Frey
Download or read book Economic Ideas You Should Forget written by Bruno S. Frey and published by Springer. This book was released on 2017-03-08 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.
Book Synopsis Happiness, Growth, and the Life Cycle by : Richard A. Easterlin
Download or read book Happiness, Growth, and the Life Cycle written by Richard A. Easterlin and published by IZA Prize in Labor Economics. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published with the IZA, this volume presents Richard Easterlin's outstanding research on the analysis of subjective well-being, and on the relationship between demographic developments and economic outcomes. In both fields, his work has laid the foundations for enlarging the scope of traditional economic analysis and has increased our understanding of behaviour in several important domains, such as fertility choices, labour market behaviour, and the determinants of individual well-being. In various seminal contributions, Easterlin has demonstrated the importance of material aspirations and relative economic status for human behaviour. This book is a collection of 11 of his key papers, revised and edited to make a cohesive book. New material includes an Introduction from the editors, two section Introductions from Easterlin, and an Epilogue from Easterlin.
Book Synopsis Policies for Happiness by : Stefano Bartolini
Download or read book Policies for Happiness written by Stefano Bartolini and published by Oxford University Press. This book was released on 2016-03-11 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, debates on the economics of happiness have shown that, over the long-term, well-being is influenced more by social and personal relationships than by income. This evidence challenges the traditional economic policy paradigm that has emphasized income as the primary determinant of well-being. This volume brings together contributions from leading scholars to ask: What should be done to improve the quality of people's lives? Can economic and social changes be made which enhance well-being? What policies are required? How do policies for well-being differ from traditional ones targeted on redistribution, the correction of market inefficiencies, and growth? Are there dimensions of well-being that have been neglected by traditional policies? Is happiness a meaningful policy target? The volume presents reflections and proposals which constitute a first step towards answering these questions.
Book Synopsis A Modern Guide to the Economics of Happiness by : Luigino Bruni
Download or read book A Modern Guide to the Economics of Happiness written by Luigino Bruni and published by Edward Elgar Publishing. This book was released on 2021-01-29 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the modern approach to the economics of happiness, which came about with the Easterlin Paradox, this book analyses and assesses the idea that as a country gets richer the happiness of its citizens remains the same. The book moves through three distinct pillars of study in the field: first analysing the historical and philosophical foundations of the debate; then the methodological and measurements issues and their political implications; and finally empirical applications and discussion about what determines a happy life.
Book Synopsis Subjective Economic Welfare by : Martin Ravallion
Download or read book Subjective Economic Welfare written by Martin Ravallion and published by World Bank Publications. This book was released on 1999 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: April 1999 - As conventionally measured, current household income relative to a poverty line can only partially explain how Russian adults perceive their economic welfare. Other factors include past incomes, individual incomes, household consumption, current unemployment, risk of unemployment, health status, education, and relative income in the area of residence. Paradoxically, when economists analyze a policy's impact on welfare they typically assume that people are the best judges of their own welfare, yet resist directly asking them if they are better off. Early ideas of utility were explicitly subjective, but modern economists generally ignore people's expressed views about their own welfare. Even using a broad set of conventional socioeconomic data may not reflect well people's subjective perceptions of their poverty. Ravallion and Lokshin examine the determinants of subjective economic welfare in Russia, including its relationship to conventional objective indicators. For data on subjective perceptions, they use survey responses in which respondents rate their level of welfare from poor to rich on a nine-point ladder. As an objective indicator of economic welfare, they use the most common poverty indicator in Russia today, in which household incomes are deflated by household-specific poverty lines. They find that Russian adults with higher family income per equivalent adult are less likely to place themselves on the lowest rungs of the subjective ladder and more likely to put themselves on the upper rungs. But current household income does not explain well self-reported assessments of whether someone is poor or rich. Expanding the set of variables to include incomes at different dates, expenditures, educational attainment, health status, employment, and average income in the area of residence doubles explanatory power. Healthier and better educated adults with jobs perceive themselves to be better off, controlling for income. The unemployed view their welfare as lower, even with full income replacement. Individual income matters independent of per capita household income. Relative income also matters. Living in a richer area lowers perceived economic welfare, controlling for income and other factors. This paper-a product of Poverty and Human Resources, Development Research Group-is part of a larger effort in the group to better understand the relationship between objective and subjective economic welfare. The study was funded by the Bank's Research Support Budget under the research project Policies for Poor Areas (RPO 681-39). The authors may be contacted at [email protected] or [email protected].
Book Synopsis Happiness economics. How to measure growth and welfare? by : Samira Penner
Download or read book Happiness economics. How to measure growth and welfare? written by Samira Penner and published by GRIN Verlag. This book was released on 2018-03-12 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Submitted Assignment from the year 2016 in the subject Economics - Other, grade: 2.0, University of applied sciences, Düsseldorf, course: Economics, language: English, abstract: Everybody wants to be happy. There is probably no other goal in life that commands such a high degree of consensus, because to most people, happiness is all they want and try to achieve. Thus, happiness has long been considered the ultimate human goal in life. Even Aristotle considered happiness the ultimate motive for all human action. In today’s consumer culture, this happiness is often pursued in the marketplace. Yet, economists have refused to deal with individuals’ happiness a long time but considered it to be an “unscientific” concept. However, in the past few years the situation has changed and economic science has experienced the introduction or reintroduction of individuals’ happiness into economics. While traditionally economics has almost exclusively focused on consumption, wealth and other monetary indicators to measure individuals’ well-being, it now more and more adopts the subjective notion of well-being to analyze how economic determinants such as income, wealth and employment as well as non-economic determinants such as personality traits and socio-demographic factors affect individuals’ utility and life satisfaction. Although Easterlin already examined correlations between economic growth and welfare and individual happiness, it still took about twenty years for the idea to take off. In the meantime, happiness research and economics has provided many interesting findings and insights. Today, there is a wide range of literature on the so-called happiness economics that analyses individuals’ well-being and its determinants.
Book Synopsis Happiness, Economics and Public Policy by : Helen Johns (M. Sc.)
Download or read book Happiness, Economics and Public Policy written by Helen Johns (M. Sc.) and published by . This book was released on 2007 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains commentaries by Samuel Brittan and Melanie Powell. In Happiness, Economics and Public Policy, Helen Johns and Paul Ormerod analyse the economic research that underlies politicians' growing preoccupation with measures of 'well-being'. In a lucid and compelling analysis, written for economists and non-economists alike, the authors find that happiness research cannot be used to justify government intervention in the way its proponents suggest.Those who wish governments to take into account measures of well-being when setting policy often point to the fact that increases in income have not led to increases in measured happiness, and thus governments should concentrate on redistribution and improving the quality of life, rather than on allowing people to benefit from economic growth.
