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Category Archives: Development Economics and Social Well-Being

Income Supplements Boost Health and Wellbeing of Elderly in Developing Countries

The fast pace of population aging presents serious challenges to governments in low- and middle-income countries (LMICs). These countries are essentially growing old before they grow rich, leading to a policy conundrum: how to provide financial and health security to the old without breaking the bank. (more…)

What Questions Should be Asked on a National Well-Being Survey?

Many governments around the world have been expressing interest in conducting surveys to measure national well-being and in using the results to guide policy. But there remain many open questions. (more…)

Who are the Joneses? Subjective Well-Being and the Income of Others.

Economic theory assumes that individuals, all else equal, prefer being wealthy rather than poor, so that they experience more “utility” from having more money. There is a large literature on determinants of subjective wellbeing – or ‘happiness’ – showing that this positive relationship with own income is, at least on average, true. There is, however, another factor that influences how satisfied people are with their material goods. (more…)

Survey Measures of Happiness

Governments around the world are increasingly interested in using survey measures of happiness for the purpose of guiding policy—but it’s not entirely clear how they should do it. (more…)

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