scholarly journals Some Uses of Happiness Data in Economics

2006 ◽  
Vol 20 (1) ◽  
pp. 25-46 ◽  
Author(s):  
Rafael Di Tella ◽  
Robert MacCulloch
Keyword(s):  
Public Policy ◽  
Economic Theory ◽  
Political Economy ◽  
Empirical Research ◽  
Well Being ◽  
Empirical Measures ◽  
Happiness Research ◽  
Interpersonal Comparisons ◽  
Individual Welfare

Happiness research is based on the idea that it is fruitful to study empirical measures of individual welfare. The most common is the answer to a simple well-being question such as “Are you Happy?” Hundreds of thousands of individuals have been asked this question, in many countries and over many years. Researchers have begun to use these data to tackle a variety of important questions in economics. Some require strong assumptions concerning interpersonal comparisons of utility, but others make only mild assumptions in this regard. They range from microeconomic questions, such as the way income and utility are connected, to macroeconomic questions such as the tradeoff between inflation and unemployment, including large areas in political economy. Public policy is another area where progress using happiness data is taking place. Given the central role of utility notions in economic theory, we argue that the use of happiness data in empirical research should be given serious consideration.

Book Reviews

2009 ◽  
Vol 47 (1) ◽  
pp. 200-202
Keyword(s):  
Public Policy ◽  
Economic Theory ◽  
Well Being ◽  
Economic Research ◽  
University Of Michigan ◽  
Happiness Research ◽  
Happiness Economics ◽  
Happiness Measurement

Jean-Benoit G. Rousseau of University of Michigan reviews “Happiness, Economics and Public Policy” by Helen Johns, Paul Ormerod,. The EconLit Abstract of the reviewed work begins “Analyzes the economic research that underlies politicians’ growing preoccupation with measures of “well-being.” Discusses happiness research and economic theory; happiness, income, and policy; happiness and macroeconomics; “gross notional happiness”--measurement and decisionmaking; and applications of happiness research. Johns is an economist. Ormerod is an economist and Director of Volterra Consulting. No index.”

Vietnamese Weddings

2011 ◽  
Vol 32 (1) ◽  
pp. 109-120 ◽  
Author(s):  
Thuc-Doan T. Nguyen ◽  
Russell Belk
Keyword(s):  
Public Policy ◽  
Gender Roles ◽  
Social Relations ◽  
Social Values ◽  
Well Being ◽  
Social Changes ◽  
Policy Changes ◽  
Historical Role ◽  
And Gender

This article examines the historical role of marriage and wedding rituals in Vietnam, and how they have changed during Vietnam’s transition to the market. The authors focus on how changes reflect the society’s increasing dependence on the market, how this dependence impacts consumer well-being, and the resulting implications for public policy. Changes in the meanings, function, and structure of wedding ritual consumption are examined. These changes echo shifts in the national economy, social values, social relations, and gender roles in Vietnamese society during the transition. The major findings show that Vietnamese weddings are reflections of (1) the roles of wedding rituals as both antecedents and outcomes of social changes, (2) the nation’s perception and imagination of its condition relative to “modernity,” and (3) the role of China as a threatening “other” seen as impeding Vietnam’s progress toward “modernization.”

Waste and well-being: a political economy of informal waste management and public policy in urban West Africa

2015 ◽  
Vol 43 (149) ◽  
pp. 478-488 ◽  
Author(s):  
Bernard Ugochukwu Nwosu ◽  
Thaddeus Chidi Nzeadibe ◽  
Peter Oluchukwu Mbah
Keyword(s):  
Public Policy ◽  
Political Economy ◽  
Waste Management ◽  
West Africa ◽  
Well Being

On the Verges of Overconfidence

2015 ◽  
Vol 29 (4) ◽  
pp. 3-8 ◽  
Author(s):  
Ulrike Malmendier ◽  
Timothy Taylor
Keyword(s):  
Public Policy ◽  
Stock Market ◽  
Capital Structure ◽  
Trading Volume ◽  
Market Returns ◽  
Empirical Measures ◽  
Stock Market Returns ◽  
Managerial Overconfidence ◽  
Rule Out

This symposium provides several examples of overconfidence in certain economic contexts. Michael Grubb looks at “Overconfident Consumers in the Marketplace.” Ulrike Malmendier and Geoffrey Tate consider “Behavioral CEOs: The Role of Managerial Overconfidence.” Kent Daniel and David Hirshleifer discuss “Overconfident Investors, Predictable Returns, and Excessive Trading.” A number of insights and lessons emerge for our understanding of markets, public policy, and welfare. How do firms take advantage of consumer overconfidence? Might government attempts to rule out such practices end up providing benefits to some consumers but imposing costs on others? How are empirical measures of CEO overconfidence related to investment and the capital structure of firms? Can overconfidence among at least some investors help to explain prominent anomalies in stock markets like high levels of trading volume and certain predictable patterns in stock market returns?

scholarly journals Peran Sat Lantas Polres Rembang Dalam Menekan Angka Kecelakaan Lalu Lintas

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Dadik Purnomo
Keyword(s):  
Public Policy ◽  
Empirical Research ◽  
Research Method ◽  
Traffic Accident ◽  
Traffic Accidents ◽  
Public Official ◽  
The Government ◽  
Special Competence

ABSTRAKJudul dari penelitian ini adalah Peran Satuan Lalu Lintas Polres Rembang Dalam Menekan Angka Kecelakaan Lalu Lintas Dengan Mengedepankan Standar Kompetensi Khusus Penyidik Kecelakaan Lalu Lintas. Tujuan penelitian ini bermaksud mengetahui peran Satuan Lalu Lintas Polres Rembang yang bertindak selaku pejabat publik harus mampu membuat suatu kebijakan publik dalam memberikan pelayanannya kepada masyarakat, penelitian ini menggunakan metode penelitian empiris yuridis. Dengan kesimpulan adanya permasalahan tingginya angka kecelakaan lalu lintas serta tingginya angka fatalitas dari tiap kecelakaan yang terjadi, Satlantas Polres Rembang mengambil suatu kebijakan dalam menjalankan tugas, fungsi dan perananannya sebagai representasi atau perpanjangan tangan dari pemerintah untuk mengatasi permasalahan tersebut.Kata Kunci: Peran Satlantas, Kecelakaan lalu lintas, Penyidik laka lantas.ABSTRACTThe title of this research is the role of Satuan Lalu Polres Rembang traffic accidents rate by prioritizing the special competence standard of traffic accident investigator. Unit of Rembang Polres that act as public official must be able to make a public policy in giving its service to society, this study uses juridical empirical research method. With the conclusion of the problem of the high number of traffic accidents and the high number of fatality of each accident happened, Satlantas Rembang Police take a policy in carrying out its duties, functions and role as a representation or extension of the hand of the government to overcome the problem.Keywords: the role of the traffic unit, traffic accident, ������� traffic accident infestigator.

The Power of Policy to Promote Health and Well-Being

2019 ◽  
pp. 13-22
Author(s):  
Fran Baum
Keyword(s):  
Public Policy ◽  
Private Sector ◽  
Good Governance ◽  
Well Being ◽  
Regulatory Framework ◽  
Healthy Public Policy ◽  
Sustainable Societies ◽  
Direct Government ◽  
Health And Well Being

Governing for health involves designing, crafting, drafting, and implementing policies that will result in healthy, equitable, and sustainable societies in which well-being is enhanced. These policies need to be present in every sector. They need to both direct government actions toward well-being and provide a regulatory framework for the private sector. This chapter examines the role of values and ideologies in policy, including the extent to which agency or structure determines health, describes policy processes, and finally outlines the important meta-policy messages required for good governance for health and well-being. It presents the Mandela of health and discusses the Raworth doughnut model of economics as a useful tool to understand the values that should underline healthy public policy.

The Aptitude for Methodological Analysis

2015 ◽  
Vol 2015 (2) ◽  
pp. 66-88
Author(s):  
Arut Delenyan
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Scientific Work ◽  
State University ◽  
New Paradigm ◽  
Essential Tool ◽  
Economics Faculty ◽  
Rational Organization ◽  
Moscow State University

The article is dedicated to the memory of an outstanding scholar and economist, Nikolai Tsagolov, the 110 anniversary of his birth. Special emphasis is paid to the role of methodology in the development of a new paradigm of economic theory and methodological seminar as an essential tool for processing theorists’ factual material, which was effectively used by N. Tsagolov. The article describes the structure of the methodological seminar for many years operating at the department of political economy of the Economics faculty of Moscow State University. The author emphasizes the collective nature of scientific work aimed at rational organization of labor. Attention is also drawn to the risks inherent in the widespread use of methodological techniques as well as the issues which require the attention of social theorists.

Conditionality in Public Policy Targeted to the Poor: Promoting Resilience?

2009 ◽  
Vol 8 (1) ◽  
pp. 127-140 ◽  
Author(s):  
Francesca Bastagli
Keyword(s):  
Public Policy ◽  
Political Economy ◽  
Human Capital ◽  
Cash Transfers ◽  
Conditional Cash Transfers ◽  
Multiple Channels ◽  
Policy Debate ◽  
The Poor

This paper explores the role of conditionality in policies targeting the poor. By requiring beneficiaries to send their children to school and to undertake regular health visits, proponents argue, conditionalities improve human capital outcomes, promoting resilience. This widespread perception has led to the adoption of conditional cash transfers in many countries. Yet policy debate on conditionality does not always reflect a full appreciation of how behavioural, administrative and political economy variables influence outcomes. This paper identifies the multiple channels through which conditionality determines human capital outcomes and reviews the evidence on linkages between conditionality and processes of resilience.

scholarly journals Theory, General Equilibrium, and Political Economy in Development Economics

2010 ◽  
Vol 24 (3) ◽  
pp. 17-32 ◽  
Author(s):  
Daron Acemoglu
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
General Equilibrium ◽  
Policy Analysis ◽  
Recent Work ◽  
Development Economics ◽  
Empirical Work ◽  
Counterfactual Analysis

I discuss the role of economic theory in empirical work in development economics with special emphasis on general equilibrium and political economy considerations. I argue that economic theory plays (should play) a central role in formulating models, estimates of which can be used for counterfactual and policy analysis. I discuss why counterfactual analysis based on microdata that ignores general equilibrium and political economy issues may lead to misleading conclusions. I illustrate the main arguments using examples from recent work in development economics and political economy.

scholarly journals A Mathematical and Conceptual Model Regarding Social Inclusion and Social Leverage

2018 ◽  
Vol 9 (3) ◽  
pp. 9-16
Author(s):  
Giovanni E. Reyes ◽  
Mark Govers ◽  
Dirk Ruwaard
Keyword(s):  
Public Policy ◽  
Latin American ◽  
Social Inclusion ◽  
Empirical Studies ◽  
Health Sector ◽  
Well Being ◽  
Social Investment ◽  
Theoretical Concepts ◽  
Key Aspects

Abstract This article discusses a comprehensive conceptual mathematical model to specify main theoretical concepts and their relationships, regarding social inclusion and social leverage. The particular elements of the model are related to: (i) key aspects of theoretical principles; (ii) major links among principal aspects; and (iii) interrelations regarding social and economic issues within any particular society. One of the principal aims of this research is going beyond the strictly economic elements, to complement a more holistic perspective with social aspects and public policy. This study is part of a broader research project that studies social investment in Latin America, particularly focused in the health sector. More specifically, this study will identify relationships between variables and indicators of social inclusion and social leverage, as basis for carrying out empirical studies on investments that Latin American countries make in health services. The model presented here allows the identification of elements of differentiated public policy, the role of public services aimed to assist especially the most vulnerable social sectors and the support of such services in relation to a country's competitiveness, social well-being and sustainable basis of human development.

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