It is a commonplace that new parents are overwhelmed by a “tsunami of love” when they first meet their dependent offspring. Older children, though often a source of irritation and worry, are also a source of joy, and there are few parents who can even bear to think of a world without their children.
What good are children?
Angus Deaton, Arthur Stone, 4 March 2014
Measuring economic progress
Diane Coyle, 17 February 2014
The debate about how best to measure economic activity dates back to well before the ‘invention’ of GDP by Richard Stone and others during the Second World War (Stone 1947). The earliest attempt was William Petty’s 1665 estimate of income and expenditure in England and Wales, followed by a variety of other approaches in the 18th and 19th centuries.
GDP and life satisfaction: New evidence
Eugenio Proto, Aldo Rustichini, 11 January 2014
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).
Happiness and voting
Federica Liberini, Eugenio Proto, Michela Redoano, 15 November 2013
The idea that states should support and protect citizens’ wellbeing goes back at least two hundred and fifty years – as stated in the 1776 US Declaration of Independence.1
The midlife crisis in humans and other apes
Andrew J Oswald, 5 December 2012
Happiness is approximately U-shaped across a person’s life. It has been known for more than two decades by behavioural scientists and wellbeing researchers that human happiness and mental health appear to follow a large, looping, U-shaped trajectory through the main part of people’s lives (cf. Feddersen, Metcalfe, and Wooden 2012).
The costs of Hurricane Sandy: Life satisfaction as an alternative to GDP
John Feddersen, Robert Metcalfe, Mark Wooden, 2 November 2012
Early forecasts suggest that Hurricane Sandy won’t influence US GDP much, positively or negatively. For example, IHS Global Insight estimates a reduction of 0.5% in the final quarter of 2012, while Capital Economics believes the rebuilding effort may actually increase GDP.
Aspirations, wellbeing, risk-aversion, and loss-aversion
Kees Koedijk, Meir Statman, Rachel Campbell, 30 March 2012
“Rich or poor, it’s always nice to have money”, as the old saying goes. But rich is relative, as US Congressman John Flemming recently demonstrated in an on-the-air MSNBC interview. He complained about taxes that were so high that “by the time I feed my family, I have maybe $400,000 left over”.
Beautiful people earn more... and are moreover happier
Bruno S Frey, Jana Gallus, 21 March 2012
The world appears to be unfair. Those who are prettier are more successful in the labour market and therewith earn a higher salary. On the marriage market, too, the beautiful succeed more easily than those who are not that blessed with their looks. These properties have recently been termed "erotic capital", to add to the economic, cultural, human and social capitals.
Unhappiness and job finding
Jan van Ours, Anne Gielen, 13 February 2012
Vox readers can download CEPR Discussion Paper 8842 for free here.
Happiness economics: Can we have an economy of wellbeing?
Carol Graham, 31 July 2011
At this year’s American Economics Association annual meetings in Denver, there were the usual panels on topics ranging from the international exchange-rate regime to the roots of the global financial crisis to trends in the real-estate market in the US. More unusual was a keynote session on whether happiness measures should replace gross national product.
- Internationalisation, innovation, and productivity of firmsAltomonte, Aquilante, Békés, Ottaviano
- How rich nations benefit from EU membershipCampos, Coricelli, Moretti
- Predicting economic turning pointsAhir, Loungani
- The ECB should do QE via forex interventionFrankel
- The chartbook of economic inequalityAtkinson, Morelli
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Mulgan, 11 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- How the EZ crisis is permanently changing EU institutionsMicossi