Countries have historically used economic indicators such as the Gross Domestic Product (GDP) to measure their success. However, there is growing recognition that economic indicators alone may not properly represent a country's growth and well-being. Multidimensional well-being indicators can be...

Welfare economic analysis of health issues and policies can provide well balanced orderings of the state of the economy. This paper provides an innovative framework for welfare economic analysis of the relationships between economic growth, health outcomes and social welfare for both a...

What do social surveys of life cycle experience tell us about the determinants of subjective well-being? First, that the psychologists' setpoint model is wrong. Life events in the nonpecuniary domain, such as marriage, divorce, and physical disability, have a lasting effect on well-being, and do...

Despite the burgeoning happiness economics literature, scholars have largely ignored explorations of how individuals or countries translate given resources into well-being. Using a balanced panel on 91 countries from Gallup Analytics between 2009-2014 and borrowing insights from production...

We here use repeated cross-section data from the Afrobarometer, Asianbarometer Latinobarometer, and Eurobarometer to analyse the variables that are correlated with both current and future evaluations of standards of living. These are related not only to an individual's own economic resources but...

A large empirical literature has debated the U-shaped happiness-age curve. This paper re-examines the relationship between various measures of well-being and age in one hundred and forty-five countries, including one hundred and nine developing countries, controlling for education, marital and...

This paper identifies opportunities for increasing individual wellbeing to provide a basis for its measurement and improvement. Opportunities for increasing wellbeing exist in the private, non-profit and government sectors by introducing elements of network governance to complement, restrain and...

This paper analyses subjective economic well-being in several Eastern European countries from 1991 to 1995. Economic well-being explains a significant part of the variation in overall life satisfaction of Eastern Europeans. In an ordered logit model, the determinants of subjective economic...

What is the need for Human Development? This research paper seeks to research the reasons for the emergence of the concept of Human Development. ‘Human development is a process of enlarging people’s choices’ (HDRO, 1990). The Human Development approach insists that the fundamental aim of...