The Wellbeing Economics Framework

Dalziel, Paul C.; Saunders, Caroline M.; Saunders, Joe

doi:10.1007/978-3-319-93194-4_9

Cited by 6 publications

(7 citation statements)

References 29 publications

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“…Consequently, he is an advocate for placing ‘cultural capital’ as a component of a nation’s total wealth (see, especially, Throsby, 1999). That argument finds support in New Zealand by de Bruin (1999), Dalziel (2019) and Dalziel et al (2006, 2019). The New Zealand Treasury has considered this argument, but currently treats culture as ‘cross-cutting with respect to all the domains and capitals’ (New Zealand Treasury, 2018: 57).…”

Section: Australasian Research On Wellbeing Economics In Public Policymentioning

confidence: 89%

Wellbeing economics in public policy: A distinctive Australasian contribution?

Dalziel

2019

Econ. labour relat. rev.

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The ‘Wellbeing Budget’ presented to the New Zealand Parliament in 2019 was widely described as a world-first. This article explores the possibility of a distinctive Australasian contribution to our understanding of wellbeing economics in public policy. The introduction section presents an analytical wellbeing framework showing how human actions draw on services provided by the country’s capital stocks to create and sustain personal and communal wellbeing. The second section chronicles some landmark policy initiatives in Australia and New Zealand for understanding and monitoring wellbeing, culminating in the Wellbeing Budget. The third section highlights four areas for further development: (1) the role of family wellbeing in intergenerational wellbeing, (2) the role of cultural capital in providing foundations for future wellbeing, (3) the role of Indigenous worldviews in enriching understandings of wellbeing and (4) the role of market enterprise in expanding capabilities for wellbeing. These are all areas where Australasian researchers have demonstrated expertise. JEL Codes: I31, I38, B54

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Section: Australasian Research On Wellbeing Economics In Public Policymentioning

confidence: 89%

Wellbeing economics in public policy: A distinctive Australasian contribution?

Dalziel

2019

Econ. labour relat. rev.

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“…The 1st and 2nd Industrial Revolutions defined vocational skills and qualifications as key factors of competition for and access to stable employment and revenues of skilled workers (Brown et al , 2018). Qualifications became an important part of the welfare systems that protected against the risk of a precarity of work (Payne, 2017; Dalziel et al , 2018; Kutscha, 2017). The 3rd Industrial Revolution made high skills and knowledge and knowledge-based experience a key factor of competitiveness, career and socio-economic status starting to undermine the “social” role of qualifications, e.g.…”

Section: Responses Of the Systems Of Qualifications To The Challenges...mentioning

confidence: 99%

Disruption of qualifications in manufacturing: challenges and prospects

Tūtlys

Spöttl

2021

EJTD

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Purpose This paper aims to disclose the implications of the 4th Industrial Revolution for vocational and professional qualifications and their systems. It also seeks to enhance more active discussion of experts and researchers about the change of vocational and professional qualifications created by the advent of the 4th Industrial Revolution. Design/methodology/approach Research is based on the case studies of the design and development of vocational and professional qualifications focused on the skills requirements of the 4th Industrial Revolution. There are analyzed and compared two cases of the international (EU) projects aiming to design and implement new qualifications in the metalworking industry and the case of introduction of additional qualifications in Germany. The main research methods include content analysis of the qualifications descriptors and vocational education and training (VET) curricula, a meta-analysis of the research on the implications of Industry 4.0 for VET. Findings The choices of the structure and contents of qualifications and VET curricula in the context of the 4th Industrial Revolution are defined by the specific state of technologies and work organizations in the enterprises, limitations of VET providers, individual skills needs of learners, national and sectoral policies in the field of qualifications and curricula. It requires compromises between the concept of solid qualifications based on the holistic orientation to work processes and the trends toward flexible curriculum; between the design of new qualifications and adjustment of the existing ones, as well as between the individualistic and collective approaches to qualifications. Research limitations/implications The research is focused on the development of qualifications in the manufacturing sector (metalworking and engineering industry). The paper contributes to the theoretical discussions and research of qualifications, competence, VET and human resource development by suggesting a theoretical framework for the analysis of the development of qualifications in the context of the 4th Industrial Revolution, as well as by stressing the importance of holistic view to this development which should comprise both policies and practices of the design of qualifications, curriculum design, education and training and assessment of learning outcomes. Originality/value The paper provides insight into the implications of the 4th Industrial Revolution to the key processes of the national systems of qualifications by referring to the cases of current efforts to adjust qualifications in the metalworking sector and engineering industry. It also suggests possible scenarios for the future development of vocational and professional qualifications in the context of the 4th Industrial Revolution.

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“…Over the past decade, a broad movement, known as the Beyond GDP approach, has emerged to measure social progress associated with economic activity (Stiglitz et al, 2018). Proponents affirm that increasing human well-being is the fundamental purpose of a political–economic–social system, and pursuit of sustainable well-being is a practical and moral imperative in that effort (Costanza et al, 2009; Zencey, 2010; Dalzeil, Saunders and Saunders, 2018; Fioramonti et al, 2019; Costanza et al, 2020). In 2011, Resolution 65/309 adopted by the UN General Assembly called for a ‘more holistic approach to development’ based on the notion of sustainable happiness and well-being, inviting countries to develop measures for the pursuit of happiness and well-being in public and development policies (UN, 2011).…”

Section: Introductionmentioning

confidence: 99%

“…They acknowledge that well-being encompasses economic ‘welfare’ but argue that it is a wider concept that includes the full range of factors that make life worth living (Costanza et al, 2020). The Beyond GDP research agenda is currently developing a more comprehensive understanding of measures of social progress with enhanced well-being as core (Dalziel et al, 2018). Much of the research effort involves analysis of the foundations of the well-being economy considering the long-term impact of policy on holistic benefits for individuals, communities and society (Fioramonti et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

“…On the Better Life Initiative , for example, SWB is just one of 10 dimensions of well-being, with other dimensions comprising income and wealth, jobs and earnings, housing, health, work–life balance, education and training, social connections, civic engagement and governance, environmental quality and personal security (OECD, 2020). This mix provides the essential basis for the capabilities approach which offers a richer and more useful foundation for well-being analysis and policy (Austin, 2016; Dalziel et al, 2018). A detailed understanding of well-being outcomes in the tourism development context must recognise the relevance of both subjective and objective measures, with particular attention to the types of links between subjective (perception) indicators of human well-being and the objective measures (Smith and Diekmann, 2017).…”

Section: Introductionmentioning

confidence: 99%

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Why tourism economists should treat resident well-being more seriously

Dwyer

2022

Tourism Economics

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Recognising that well-being is a primary policy objective, tourism economics must incorporate resident well-being outcomes into conceptual analysis, empirical findings and policy assessment in a more inclusive way. Use of a well-being lens allows the research effort in tourism economics to convert tourism development impacts into resident well-being outcomes and better align with the broader Beyond GDP research agenda to measure societal progress. Several areas of tourism research are identified where determination of well-being outcomes can enrich economic analysis and its input into policymaking. This requires new concepts and new systems of measurement to support tourism policymaking with tourism economists expected to play an important role in the research effort.

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The Wellbeing Economics Framework

Cited by 6 publications

References 29 publications

Wellbeing economics in public policy: A distinctive Australasian contribution?

Wellbeing economics in public policy: A distinctive Australasian contribution?

Disruption of qualifications in manufacturing: challenges and prospects

Why tourism economists should treat resident well-being more seriously

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