Happiness and Economic Growth: Lessons from Developing Countries

Villegas, Cirenia Chávez

doi:10.1080/19452829.2016.1155793

Cited by 2 publications

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“…According to the famous phenomena of the Easterlin paradox, happiness levels do not rise despite sustained economic growth [161]. The happiness paradox explains that the increase in the income of peers hurt the poor more than the rich [132,162].…”

Section: Policy and Governancementioning

confidence: 99%

Can I Sustain My Happiness? A Review, Critique and Research Agenda for Economics of Happiness

Jain

Sharma

Mahendru³

2019

Sustainability

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Human beings want to live in a state of happiness and prosperity, but happiness is important not just for the well-being of individuals but for the well-being of society. To ensure the maximization of happiness, it is necessary to consider more than just money, and rather include the right understanding of happiness at the individual level, the family level, the society level, and the environmental (nature) level. This paper contributes to the existing body of knowledge by consolidating the findings of the literature; grouping those into major themes and sub-themes; describing the mechanisms based on the empirical papers by highlighting the independent, dependent, control, and moderating variables, to study the causal relationships between variables under study; proposing an agenda for future research; and informing the policymakers about decisions influencing the human happiness level through legislative rules and regulations. Our results suggest prioritizing the conceptualization of happiness while computing the happiness level at the individual or collective levels. Furthermore, the study recommends governments to establish the conditions enabling individuals to report happiness independently from the political pressure to answer strategically for impressive happiness level figures at the macro level.

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Section: Policy and Governancementioning

confidence: 99%

Can I Sustain My Happiness? A Review, Critique and Research Agenda for Economics of Happiness

Jain

Sharma

Mahendru³

2019

Sustainability

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“…Another stream of literature focuses on non-economic factors, such as individual and family characteristics, which include age, gender, time preference, education level, health status, marital status, and family upbringing [11][12][13][14][15]. Additionally, social and natural environmental factors such as public policy, welfare systems, religion, social relations, social capital, climate, and pollution also impact well-being [16][17][18][19][20][21]. Scholars studying China's rural situations have discovered that farmers reside in an "acquaintance society" and adapt to the unique "different order pattern" prevalent in rural areas, where social relations and status have a greater impact on their subjective well-being compared to material wealth satisfaction [22].…”

Section: Introductionmentioning

confidence: 99%

The Relation between Digital Village Construction and Subjective Well-Being

Xie¹,

Liu²

2023

Preprint

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With the advancement of the economy and society, policymakers acknowledge the significance of improving rural households' well-being as a crucial factor in promoting sustainable economic and social development. Based on the matching data of China Household Finance Survey and Digital Rural County Index, this study empirically examines the effect and mechanisms of digital village construction on subjective well-being of rural households. The results revealed that digital village construction has a significant improvement in their subjective well-being. The impact of digital village construction is particularly significant in rural areas located in the western regions of China, as well as among households possessing higher levels of human capital. The process through which digital village construction enhances the subjective well-being of rural households involves the augmentation of household income, the promotion of non-farm employment opportunities, and the enhancement of rural governance. This study provides robust micro-empirical evidence highlighting the positive welfare effects of digital rural construction. This study provides insights into the digital village construction within the happiness economy framework, offering a new perspective. The imperative to strengthen rural digital infrastructure and improve farmers' proficiency in modern information skills is a strategic policy aimed at enhancing well-being of rural households.

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Happiness and Economic Growth: Lessons from Developing Countries

Cited by 2 publications

References 0 publications

Can I Sustain My Happiness? A Review, Critique and Research Agenda for Economics of Happiness

Can I Sustain My Happiness? A Review, Critique and Research Agenda for Economics of Happiness

The Relation between Digital Village Construction and Subjective Well-Being

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