Since the 1960s, global societies have experienced a decline in both fertility and mortality rates; this trend has led to rapidly aging populations worldwide. In such a scenario, aging populations have become a significant challenge, especially for developing Asian economies where both...

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...

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...

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...