Download or read book The Macroeconomics of Happiness written by Rafael Di Tella and published by . This book was released on 2002 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how economic forces affect the happiness of nations. First, we show that there are strong microeconomic patterns in the psychological well-being levels of a quarter of a million randomly sampled Europeans and Americans from the 1970's to the 1990's. Happiness equations are increasing in income and have the same structure in each nation. Second, after controlling for the personal characteristics of respondents, year dummies, and country fixed-effects, the paper shows that movements in reported well-being are systematically correlated with movements in macroeconomic variables such as gross domestic product. Booms raise happiness. Our estimates suggest that to compensate the average citizen for one year of recession would take approximately 500 US dollars (in 1985 dollars). Other applications of wellbeing data are given.
Download or read book The Macroeconomics of Happiness written by Rafael Di Tella and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Beyond Economics written by Jan Ott and published by Springer Nature. This book was released on 2020-12-12 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a lot of attention for happiness, but there is also a lot of confusion, about the concept and the nature of happiness. This book wants to reduce this confusion, to make the deliberations and discussions about happiness more productive. A reduction of confusion will also make it easier to assess happiness as a possible standard in our personal life and in politics. Acceptance of happiness as a standard will have positive effects. Acceptance in personal life will make individuals more critical, and less vulnerable for adversity and manipulation. Acceptance in politics will contribute to a better detection and analysis of social-economic problems. Such positive effects are important for well-being. Well-being is usually defined as ‘objective well-being’ by experts, like medical specialists or psychologists. They apply their professional standards like blood pressure or personality characteristics. Happiness, on the other hand, is ‘subjective well-being’ as experienced by the people themselves. This happiness is the appreciation of one’s own life as a whole, and this appreciation is based on standards people have adopted themselves, knowingly or unknowingly. Happiness as subjective well-being, and objective well-being as defined by experts, are complementary. It is important to asses objective and subjective well-being simultaneously, and it is incorrect to ignore one of them.
Download or read book Macroeconomics of Happiness written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Economics at the University of Warwick presents the full text of the research paper entitled "The Macroeconomics of Happiness," by Rafael di Tella, Robert J. MacCulloch, and Andrew J. Oswald that was published September 17, 2001. The paper is in PDF format. The authors discuss the impact of macroeconomics on happiness and individual well-being. Findings show that the movements of the gross domestic product (GDP) per capita influence the happiness of people.
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.
Download or read book Pursuing Happiness written by Stanley Lebergott and published by Princeton University Press. This book was released on 2014-07-14 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether watching baseball or undergoing heart surgery, Americans have bought a variety of goods and services to achieve happiness. Here is a provocative look at what they have chosen to purchase. Stanley Lebergott maintains that the average consumer has behaved more reasonably than many distinguished critics of "materialism" have suggested. He sees consumers seeking to make an uncertain and often cruel world into a pleasanter and more convenient place--and, for the most part, succeeding. With refreshing common sense, he reminds us of what many "luxuries" have meant, especially for women: increased income since 1900 has been used largely to lighten the backbreaking labor once required by household chores. Originally published in 1993. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Download or read book Happiness Economics and Public Policy written by Helen Johns and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 would wish governments to take into account measures of wellbeing when setting policy often point to the fact that increases in income have not lead 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. In fact, measured happiness does not appear to be related to public spending, violent crime, property crime, sexual equality, disability, life expectancy or unemployment either. The stark fact is that the difficulties in measuring society's happiness are insurmountable, and policymakers should not claim that they can control and increase happiness through public policy decisions.
Download or read book Does Economic Status Matter in the Relationship Among Democracy Macroeconomics and Happiness A Panel Data Analysis written by Srikanta Kundu and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employing various panel data analyses including threshold panel model, this paper has examined how economic status determines the relationship among democracy, macroeconomic variables and happiness. Considering panel data of 83 countries over the time period from 2010 to 2016, this study tries to establish that, factors determining subjective well-being or life satisfaction affects differently for low and high income countries. This study has found that though per capita gross domestic product has no direct impact on happiness, it establishes the role of other variables to determine happiness. It has been found that countries with higher level of income democratic quality and inflation have significant impact on happiness. The impact of democratic quality is positive whereas the impact is negative in case of inflation. Moreover, inequality and health expenditure per capita by the government respectively have negative and positive impact in case of low income countries. It is also evident that unemployment has a strict negative impact across all type of countries but the magnitude is higher in low income countries.
Download or read book Happiness and Hardship written by Carol L. Graham and published by Rowman & Littlefield. This book was released on 2004-05-13 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Subjective well being, or happiness, has been analyzed in detail by psychologists for decades. Yet only recently has it become the subject of economic analysis. In Happiness and Hardship, Carol Graham and Stefano Pettinato provide a new conceptual framework for analyzing the relationship between subjective well being and the political sustainability of market-oriented economic growth in 17 Latin American countries and Russia. Several variables—such as marital status, employment, and inflation—are known to influence happiness. Graham and Pettinato have identified other variables that have important effects on how individuals perceive their well being: macroeconomic volatility, globalization of information, increasing income mobility, and inequality driven by technology-led growth. The authors begin by explaining data and measurement problems involved in studying mobility, and they summarize general trends in developing countries. Second, they provide new data on subjective well being for Latin America and Russia. They find that the socio-demographic determinants of "happiness"—such as the effects of age and unemployment—are very similar to those in the U.S. and Europe. They also find that relative income differences have important effects on how individuals assess their well being. Those in the middle or lower middle of the income distribution are more likely to be dissatisfied than are the very poorest groups. Third, the authors find that volatility in income flows can have negative effects on perceived well being, even among upwardly mobile individuals. Finally, the authors explore the relationship between social capital and mobility. They distinguish between participation driven by economic necessity—such as soup kitchens—and voluntary participation in civic organizations. They find that different objectives underlying civic participation can result in different effects on individual mobility rates, on perceived well being, and on aggregate growth. An age-old puzzle is why some societies seem to tolerate significant degrees of economic hardship and yet retain political and social stability, while others break out into violent protest as a result of much smaller economic declines or shocks. Happiness and Hardship sheds new light on factors that can increase mobility and provide new opportunities for low-income people in developing economies, and possibly improve perceived, as well as actual, well being.
Download or read book Happiness and Economic Performance written by Andrew J. Oswald and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Happiness Personal Income and National Income written by Zhen Cui and published by . This book was released on 2017 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores the relationship between income and happiness using data from Taiwan. It also proposes a two-stage estimation method for studying the macroeconomics of happiness. The study finds that while personal income has a strong positive effect on individual happiness, national income fails to have any significant effect in either the short run or the long run. This finding agrees with the Easterlin paradox, and suggests that good macroeconomic conditions do not notably improve happiness for an individual even in the short run.
Download or read book Happiness Economics written by Shari Lapena and published by Doubleday Canada. This book was released on 2024-07-30 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The riotously funny second novel by the New York Times bestselling author of Everyone Here Is Lying, Shari Lapena, that explores what happens when art collides with commerce. Will Thorne is a stalled poet, married to Judy, a wildly successful celebrity economist. Pressured by a starving fellow poet, Will establishes The Poets' Preservation Society, a genteel organization to help poets in need. But when Will meets his muse, the enigmatic and athletic Lily White, he becomes inspired not only to write, but to take guerrilla action in support of poets everywhere. Poetry meets parkour and culture clashes with commerce in this hilarious look at how we measure the value of art.
Download or read book Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan written by Sriram Balasubramanian and published by International Monetary Fund. This book was released on 2019-01-17 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the Kingdom of Bhutan, and the relationship between measured well-being and macroeconomic indicators. While there are only a few national surveys of Gross National Happiness in Bhutan, the concept has been used to guide public policymaking for the country’s various Five-Year Plans. Consistent with the Easterlin Paradox, available evidence indicates that Bhutan’s rapid increase in national income is only weakly associated with increases in measured levels of well-being. It will be important for Bhutan to undertake more frequent Gross National Happiness surveys and evaluations, to better build evidence for comovement of well-being and macroeconomic concepts such as real national income.
Download or read book Taxation and the Promotion of Human Happiness written by George Warde Norman and published by Edward Elgar Publishing. This book was released on 2009 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of a hitherto unknown work demonstrates the importance of utilitarianism to liberal thinking on taxation. As such, this unique book will appeal to specialists in the history of economic thought and to historians, especially those with an interest in the history of public finance, an area in which G.W. Norman's contribution has been almost entirely overlooked.
Download or read book Economics of Happiness written by Bruno S. Frey and published by Springer. This book was released on 2018-02-26 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on what makes people happy. The author explains methods for measuring subjective life satisfaction and well-being by discussing economic and sociodemographic factors, as well as the psychological, cultural and political dimensions of personal happiness. Does higher income increase happiness? Are people in rich countries, such as the United States, the United Kingdom and Scandinavian countries, happier than those living elsewhere? Does losing one’s job make one unhappy? What is the role of genetic endowments inherited from our parents? How important are physical and emotional health to subjective life satisfaction? Do older people tend to be happier, or younger people? Are close social relationships necessary for happiness? Do political conditions, such as respect for human rights, democracy and autonomy, play a part? How can governments contribute to the population’s happiness? This book answers these questions on the basis of extensive interdisciplinary research reflecting the current state of knowledge. The book will appeal to anyone interested in learning more about the various dimensions of personal well-being beyond the happiness-prosperity connection, as well as to policymakers looking for guidance on how to improve happiness in societies.
Download or read book Macroeconomics written by David Miles and published by John Wiley & Sons. This book was released on 2012-04-09 with total page 626 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics: Understanding the Global Economy, 3rd Edition is to help students – and indeed anyone – understand contemporary and past economic events that shape the world we live in, and at a sophisticated level. But it does so without focusing on mathematical techniques and models for their own sake. Theory is taken seriously – so much so that the authors go to pains to understand the key aspects of theories in a way that will not put people off before they see how theories are useful to analyse issues. The authors believe that theories are essential to better understand the world, thus the book includes a wealth of historic and current episodes and data to both see how theories can help interpret the world and also to judge their validity. Economies today are very inter-connected; what happens in China matters pretty much everywhere; and what happens in one (even small) country in the euro zone has implications for the whole euro area and beyond, consequently Macroeconomics, 3rd Edition adopts a very international focus.
Download or read book Happiness Around the World written by Carol Graham and published by OUP Oxford. This book was released on 2009-12-17 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: For centuries the pursuit of happiness was the preserve of either the philosopher or the voluptuary and took second place to the basic need to survive on the one hand, and the pressure to conform to social conventions and morality on the other. More recently there is a burgeoning interest in the study of happiness, in the social sciences and in the media. Can we really answer the question what makes people happy? Is it really grounded in credible methods and data? Is there consistency in the determinants of happiness across countries and cultures? Are happiness levels innate to individuals or can policy and the environment make a difference? How is happiness affected by poverty? By economic progress? Is happiness a viable objective for policy? This book is an attempt to answer these questions, based on research on the determinants of happiness in countries around the world, ranging from Peru and Russia to the U.S. and Afghanistan. The book reviews the theory and concepts of happiness, explaining how these concepts underpin a line of research which is both an attempt to understand the determinants of happiness and a tool for understanding the effects of a host of phenomena on human well being. The research finds surprising consistency in the determinants of happiness across levels of development. Yet there is still much debate over the relationship between happiness and income. The book explores the effects of many mediating factors in that relationship, ranging from macroeconomic trends and democracy to inequality and crime. It also reviews what we know about happiness and health and how that relationship varies according to income levels and health status. It concludes by discussing the potential - and the potential pitfalls - of using happiness surveys to contribute to better public policy.
