scholarly journals Can and Should Happiness Be a Policy Goal?

2014 ◽  
Vol 1 (1) ◽  
pp. 195-203 ◽  
Author(s):  
Shigehiro Oishi ◽  
Ed Diener
Keyword(s):  
Life Satisfaction ◽  
Financial Crisis ◽  
Gross Domestic Product ◽  
Well Being ◽  
Economic Conditions ◽  
Unemployment Benefits ◽  
Economic Activities ◽  
Policy Goal ◽  
Happiness Research ◽  
Economic Well Being

This article summarizes policy-relevant happiness research and demonstrates that self-reported happiness could be used to evaluate public policies. Self-reported well-being (e.g., life satisfaction, happiness) tracks objective societal and economic conditions fairly well (e.g., the financial crisis of 2008) and helps quantify people’s suffering (e.g., severe disability is roughly twice as aversive as unemployment). Evidence also demonstrates that some liberal policies, such as generous unemployment benefits, progressive taxation, and income equality, are positively associated with citizens’ self-reported well-being, whereas others (e.g., larger governmental spending per Gross Domestic Product [GDP]) are not. Just as the regular recording of economic activities helps gauge the effectiveness of specific policies and the general economic well-being of individuals and society at large, the regular recording of citizens’ self-reported well-being will help gauge the effectiveness of specific policies, as well as the psychological well-being of individuals and society at large.

SOCIAL AND ECONOMIC WELFARE AND THE LEVEL OF LIFE SATISFACTION ON THE EXAMPLE OF SELECTED COUNTRIES

2021 ◽  
Vol 1 (1) ◽  
pp. 19-30
Author(s):  
Ewa Polak
Keyword(s):  
Life Satisfaction ◽  
Social Indicators ◽  
Life Quality ◽  
Well Being ◽  
Social Conditions ◽  
Economic Welfare ◽  
Quality Life ◽  
Methods Of Measurement ◽  
Economic Well Being

The article presents problems related to life quality, life satisfaction and sense of happiness, their determinants, methods of measurement and dependence on the level of wealth and other conditions. Life quality is an abstract blurred term which depends on numerous factors. There is not any single, comprehensive definition, measure or cause of such phenomena as life quality, economic well-being or sense of happiness. Their evaluation depends on economic, political, cultural and social conditions and also on individual features, expectations and attitudes. More and more often, next to hard economic coefficients, social indicators are applied, and synthetic measures of the level of life quality or social and economic well-being are developed. The level of social development is strongly affected by the quality of human capital. The article presents an attempt at matching parameters and indicators which characterise various aspects of life quality and applying them for the development of synthetic measures of life quality in its different aspects. It is also aimed at comparing them with the current results obtained by research studies in this field. The aim of the article is to provide an assessment of diversification in the levels of living conditions observed in some selected countries – its size, specificity and cause-effect relations with the use of the listed parameters and measures. The research on life quality should be applied to the assessment of the efficiency of social and economic policy which has been currently implemented.

The budget of a Corsican stem family

2002 ◽  
Vol 17 (2) ◽  
pp. 233-251 ◽  
Author(s):  
ANTOINE MARCHINI
Keyword(s):  
Detailed Analysis ◽  
Family Member ◽  
Animal Husbandry ◽  
Well Being ◽  
Economic Activities ◽  
Single Item ◽  
Family Household ◽  
The Family ◽  
Age And Sex ◽  
Economic Well Being

This article provides a detailed analysis of the income and expenditure of a stem family household from Bastelica, Corsica, based on information collected in 1867 and 1887 according to the scheme recommended by Frédéric Le Play. The budget indicates the work undertaken by each member of the family and which economic activities were most valuable to the family in terms of the income they generated and the level of profit. The primary resource of the family was its members, as the family used almost no non-family labour. The composition of the household, and the distribution of its members in terms of age and sex, were therefore critical for its economic well-being. Members of the family contributed their labour according to their sex, age and place within the household. Males were better paid than females but each son received more than his father and the daughters were better paid than their mother. Apart from the father, the less well paid the family member, the longer the time they were at work. In addition, the two highly paid sons were unemployed for more than half of the year. This provided a reserve of labour in the event of a rise in the ratio of consumers to workers within the family. The economy of the family was based on the exploitation of its patrimony and on animal husbandry. Food constituted the largest single item of expenditure but the diet of this family did not provide the 2,800 calories of the average diet in France between 1855 and 1874.

The Recession and Public Investment in Education in Latin America

1989 ◽  
Vol 31 (1-2) ◽  
pp. 125-146 ◽  
Author(s):  
Jandhyala B. G. Tilak
Keyword(s):  
Public Investment ◽  
National Income ◽  
Well Being ◽  
Return To Education ◽  
Economic Conditions ◽  
Economic Factors ◽  
Allocation Of Resources ◽  
Relative Priority ◽  
Per Capita ◽  
Economic Well Being

It is the most common presumption that the relative priority accorded to education in an economy is significantly determined by economic conditions, particularly by the national income per capita and the budget. However, under normal conditions of economic well-being, allocation of resources to education is generally found to be least influenced by economic factors in any important way. Economic ability factors like GNP per capita and public spending on education are not significantly related. Neither are criteria for efficiency, like the rate of return to education, found to influence policies which allocate resources to education (see Tilak, 1982).

scholarly journals STRUCTURAL-DYNAMIC ANALYSIS OF THE STATE OF INDUSTRIAL ENTERPRISES FROM THE POSITION OF THEIR SAFE DEVELOPMENT

2021 ◽  
Author(s):  
Victoriia Garkusha
Keyword(s):  
Financial Crisis ◽  
Gross Domestic Product ◽  
National Economy ◽  
The State ◽  
Economic Conditions ◽  
Domestic Product ◽  
Main Trend ◽  
Business Activity ◽  
Structural Dynamic ◽  
Industrial Enterprises

In the article the tendencies of development of the industrial branch are revealed. The dynamics of gross domestic product created by industrial enterprises is studied to establish their position in the structure of the national economy. It is proved that industry has a significant impact on the state’s economy, as this industry creates a large number of jobs, promotes the development of small and medium-sized businesses. The factors that determine the main trend of dynamics (increase or decrease of levels) are revealed. As well as factors that deviate levels from the trend. We observe that industrial enterprises are going through a difficult period due to difficult economic conditions, increasing competition in industries, the financial crisis, as well as the lack of real support from the state. Based on the logic of safe economic activity, the tendencies of changes in the financial result of industrial enterprises, in particular processing, are investigated and the degree of their safe functioning and development is revealed. When studying the trends in gross domestic product, their great importance in the structure of the national economy was found. The dynamics of expectations of industrial enterprises regarding the prospects of development of their business activity is characterized. It is established that the tendency to increase production actualizes the problem of improving management, first of all, financial results and in their composition – the profitability of operating activities. The trend of profitability of operating activity of industrial enterprises on the basis of phase-frequency Wallis-Moore criterion is estimated. Multidimensional, detailed analysis of the activities of industrial enterprises is a necessary element of the information system through which management and professionals have the opportunity to make adequate management decisions. The dynamics of expectations of the prospects for the development of their business activity shows that industries are experiencing a difficult period due to difficult economic conditions, increasing competition in industries, the financial crisis. It is expected that the proposals set out in the article will contribute to a partial solution to the problems of information security management of industrial enterprises.

Just Financial Markets?

2017 ◽  
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Political Theory ◽  
Law And Economics ◽  
Well Being ◽  
The Self ◽  
Free Markets ◽  
Legal Frameworks ◽  
Economic Well Being

Well-functioning financial markets are crucial for the economic well-being and the justice of contemporary societies. The Great Financial Crisis has shown that a perspective that naively trusts in the self-regulating powers of free markets cannot capture what is at stake in understanding and regulating financial markets. The damage done by the Great Financial Crisis, including its distributive consequences, raises serious questions about the justice of financial markets as we know them. This volume brings together leading scholars from political theory, law, and economics in order to explore the relation between justice and financial markets. Broadening the perspective from a purely economic one to a liberal egalitarian one, the chapters of the volume explore foundational normative questions about how to conceptualize justice in relation to financial markets, the biases in the legal frameworks of financial markets that produce unjust outcomes, and perspectives of justice on specific institutions and practices in contemporary financial markets. Written in a clear and accessible language, the volume presents analyses of how financial markets (should) function and how the Great Financial Crisis came about, proposals for how the structures of financial markets could be reformed, and analyses of why reform is not happening at the speed that would be desirable from a perspective of justice.

PENGELOLAAN PERBATASAN ANTARA INDONESIA DAN MALASIA TENTANG TINGKAT EKONOMI DI WILAYAH KEDUA NEGARA

2020 ◽  
Vol 2 (1) ◽  
pp. 9-16
Author(s):  
Endah Rantau Itasari
Keyword(s):  
Natural Resources ◽  
Well Being ◽  
Border Region ◽  
Front Page ◽  
Legal Certainty ◽  
Economic Activities ◽  
Government Administration ◽  
The People ◽  
Border Areas ◽  
Economic Well Being

Border governance is a necessity for Indonesia as an archipelagic country bordering maritime and / or land with other countries. Indonesia is located geographically between two continents and two oceans and no less than 17,504 islands. the border region has a very strategic multifunctionality. Politically, border areas provide legal certainty for internal and external sovereignty, both in the context of managing government administration and applying national law and in engaging with other countries. The existence of clarity of this border region will also provide legal certainty for a country for the utilization and management of natural resources contained in its territory for the benefit of the prosperity of the whole community. Border management must also be aimed at the prosperity of the people, especially those living on the border. The development of socio- economic activities to improve the socio-economic well-being of people at the border is very important because it will directly and indirectly strengthen the security aspects at the border. As a & quot;front page & quot; the creation of prosperity at the border will contribute positively to the conditions of security and defense, both regionally and nationally.

Relationships between Trends in Regional Development and Regional Policy Goals in Central Europe, 1950–1980

1987 ◽  
Vol 5 (1) ◽  
pp. 105-112 ◽  
Author(s):  
W H Berentsen
Keyword(s):  
Central Europe ◽  
Regional Policy ◽  
Well Being ◽  
Economic Conditions ◽  
Industrial Employment ◽  
Policy Goals ◽  
World Economic ◽  
Regional Problems ◽  
European Regional ◽  
Economic Well Being

The paper presents results from empirical analyses of regional social and economic well-being in Central Europe between 1950 and 1980. Declines in regional inequalities during the study period are probably greater than can be explained by a coinciding trend toward greater regional dispersion of industrial employment. The latter, a goal of regional policy in all Central European nations, also has neither completely eradicated preexisting regional problems nor forestalled the emergence of new ones in old, highly specialized heavily industrialized areas. The lingering and the newly recognized regional problems have led many European regional scientists to call for new regional policies to cope with a new set of world economic conditions.

scholarly journals The income structure of smallholder forest farmers in rural Sumbawa, Indonesia

2018 ◽  
Vol 19 (3) ◽  
pp. 936-946 ◽  
Author(s):  
BUDIMAN ACHMAD ◽  
DIAN DINIYATI
Keyword(s):  
Agricultural Sector ◽  
Group Discussion ◽  
Well Being ◽  
The State ◽  
Economic Disadvantage ◽  
Economic Activities ◽  
Community Based ◽  
Survey Sample ◽  
Privately Owned ◽  
Economic Well Being

Achmad B, Diniyati D. 2018. The income structure of smallholder forest farmers in rural Sumbawa, Indonesia. Biodiversitas 19: 936-946. This research investigated the economic well-being of forest farmers in Labuhan Badas Village, Sumbawa regency of Indonesia. It aimed: (i) to describe the daily economic activities of community-based forest (HKm) farmers who reside inside the state forest and of farmers in privately owned forest (POF) who reside outside the state forest areas; and (ii) to analyse their income structure in relation to the corresponding economic activities. The research was conducted from August 2015 to April 2016. The survey sample consisted of 34 HKm and 34 POF farmers who were selected purposively. Data collected through interview and focus group discussion techniques were analyzed descriptively. The research determined that the incomes of HKm farmers were generated from14 sources, mainly from activities in the non-agricultural sector, while those for POF farmers were generated from 12 sources mainly from activities in the agricultural sector. The total income of HKm farmers was significantly lower than the income of POF farmers and indicated a moderate level of economic disadvantage. The economic welfare of farmers in both research locations has been assessed to be below an adequate level. Therefore various economic innovations such as the cultivation of honey bees and the processing of unused potential resources (e.g. making wine from cashew fruit) are needed to accelerate the attainment of a decent level of economic well-being

Elevated Uncertainty during the Financial Crisis: Do Effects on Subjective Well-Being Differ across European Countries?

2019 ◽  
Vol 19 (2) ◽  
Author(s):  
Lena Tonzer
Keyword(s):  
Life Satisfaction ◽  
Financial Crisis ◽  
Stock Market ◽  
Financial Market ◽  
Euro Area ◽  
Well Being ◽  
Market Volatility ◽  
Stock Market Volatility ◽  
Subjective Well Being ◽  
Market Variables

Abstract This paper focuses on the effect of uncertainty as reflected by financial market variables on subjective well-being. The analysis is based on Eurobarometer surveys, covering 18 countries over the period 2000–2013. Individuals report lower levels of life satisfaction in times of higher uncertainty approximated by stock market volatility. This effect is heterogeneous across respondents: the probability of being unsatisfied is higher for respondents who are older, unemployed, less educated, and live in one of the GIIPS countries of the Euro area. Furthermore, higher uncertainty in combination with a financial crisis increases the probability of reporting low values of life satisfaction.

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