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Happiness and Economic GrowthLessons from Developing Countries$
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Andrew E. Clark and Claudia Senik

Print publication date: 2014

Print ISBN-13: 9780198723653

Published to Oxford Scholarship Online: January 2015

DOI: 10.1093/acprof:oso/9780198723653.001.0001

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Happiness and Economic Growth

Happiness and Economic Growth

A Panel Discussion

Chapter:
(p.240) 6 Happiness and Economic Growth
Source:
Happiness and Economic Growth
Author(s):

Stéfan Lollivier

Conal Smith

Martin Ravallion

Richard A. Easterlin

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198723653.003.0007

This chapter is based on a panel discussion, and addresses concerns about the measurement of subjective well-being. Some results are presented by the French Social Statistics Institute regarding new synthetic indicators, bringing together information from existing surveys into one unique score covering most dimensions of well-being. The discussion also focuses on the relative effect sizes of different variables on subjective well-being. From a policy point of view, there is a real interest in understanding how different factors such as GDP and unemployment might trade off against each other. Finally, some tests are presented for the use of subjective well-being information in evaluating policy.

Keywords:   subjective well-being, synthetic indicators, offsetting factors, policy evaluation

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