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Happiness, growth, and public policy

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Easterlin, Richard A.

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

www.iza.org

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. "

Digital



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