This paper argues - in line with the proposals of the recent Stiglitz Commission on the Measurement of Economic Performance and Social Progress - that we should now be measuring a nation's emotional prosperity rather than its economic prosperity (that is, we ought to focus on the level of mental...

This paper argues, in line with the proposals of the recent Stiglitz Commission on the Measurement of Economic Performance and Social Progress, that we should now be measuring a nation's emotional prosperity rather than its economic prosperity (that is, we ought to focus on the level of mental...

We present evidence that measures of quot;social cohesion,quot; such as income inequality and ethnic fractionalization, endogenously determine institutional quality, which in turn casually determines growth