Happiness, growth, and public policy
Institute of Labor Economics, Bonn
IZA - Bonn
2013
50 p.
economic growth ; full employment ; quality of life ; well being
developed countries ; developing countries ; transition economies
Discussion Paper
7234
Social protection
English
Bibliogr.
"If society's goal is to increase people's feelings of well-being, economic growth in itself will not do the job. Full employment and a generous and comprehensive social safety net do increase happiness. Such policies are arguably affordable not only in higher income nations but also in countries that account for most of the population of the less-developed world. These conclusions are suggested by an analysis of a wide range of evidence on happiness in countries throughout the world. "
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