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Full Description
This is an open access title. It is available to read and download as a free PDF version on the Oxford Academic platform. It is made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 International licence.
Around the world, governments are starting to directly measure the subjective wellbeing of their citizens and to use it for policy evaluation and appraisal. What would happen if a country were to move from using GDP to using subjective wellbeing as the primary metric for measuring economic and societal progress? Would policy priorities change? Would we continue to care about economic growth? What role would different government institutions play in such a scenario? And, most importantly, how could this be implemented in daily practice, for example in policy evaluations and appraisals of government analysts, or in political agenda-setting at the top level?
This volume provides answers to these questions from a conceptual to technical level, by showing how direct measures of subjective wellbeing can be used for policy evaluation and appraisal, either complementary in the short-run or even entirely in the long-run. It gives a brief history of the idea that governments should care about the happiness of their citizens, provides theories, makes suggestions for direct measurement, derives technical standards and makes suggestions on how to conduct wellbeing cost-effectiveness and cost-benefit analyses, and gives examples of how real-world policy evaluations and appraisals would change if they were based on subjective wellbeing. In doing so, it serves the growing interest of governments as well as non-governmental and international organisations in how to put subjective wellbeing metrics into policy practice.
Contents
Richard Layard: Foreword
Preface
1: The Case for Wellbeing as the Goal of Government in the Context of Constraints on Policy-making
2: Wellbeing Measurement and Policy Design Measures, Key Findings, and Wellbeing Frameworks
3: Wellbeing Policy Evaluation and Appraisal: Data, Methods, Literature, Rules-of-thumb, and Technical Standards
Appendix A. Data: General Overview
Appendix B. Data: Technical Details
Appendix C. Data: Download Links and Sample Studies
Appendix D. Conversion between Different Scales and Indicators of Wellbeing
Appendix E. Headline Cost-effectiveness Graph and Justification of the Elements
4: Wellbeing Cost-effectiveness Analysis and Existing Approaches
Appendix. The Monetary Value of Wellbeing in Mathematical Notation
5: Applying Wellbeing Insights to Existing Policy Evaluations and Appraisals
