GDP and life satisfaction: New evidence

Eugenio Proto, Aldo Rustichini 11 January 2014

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A commission on the measurement of economic performance and social progress was created on the French government’s initiative. Since 2008, this distinguished group of social scientists has put subjective well-being into the limelight as a possible supplement to traditional measures of development such as GDP (Stiglitz et al. 2009). The British government has also shown considerable interest in developing a subjective well-being measure in recent years as an instrument for policy.

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Topics:  Development Frontiers of economic research

Tags:  development, growth, happiness, Easterlin paradox, subjective well-being, national income

Subjective Well-Being, Income, Economic Development and Growth

Justin Wolfers, Betsey Stevenson, Daniel W Sacks,

Date Published

Mon, 10/11/2010

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Development Frontiers of economic research Poverty and income inequality

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www.cepr.org/pubs/dps/DP8048.asp

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development, economic growth, happiness, quality of life, life satisfaction, subjective well-being