Many recent studies in economics have uncovered the economic and socio-economic factors that are most related to differences among nations in citizens' self-reported levels of well-being (SWB). However, these cross-country studies have generally not taken into account the fact that around the...

In the last 60 years, the results of development aid have been mixed. Thus far, it has been mostly the aid recipient countries, which have been held responsible for aid’s shortcomings. That focus is misplaced, however, since the donor countries, through development aid, also export some of their...