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Which formula for national happiness?

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Which formula for national happiness? / Tofallis, Chris.

In: Socio-Economic Planning Sciences, 23.02.2019.

Research output: Contribution to journalArticlepeer-review

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@article{bd3c887d2e1b4b258084138c3f596ffb,
title = "Which formula for national happiness?",
abstract = "The World Happiness Report is published by the United Nations Sustainable Development Solutions Network and contains an international ranking of national average happiness, as measured by surveys of personal life evaluations. It also contains an analysis which tries to explain the happiness figures from more than 150 countries using data on six key variables. That analysis assumes the factors combine in an additive manner and therefore operate independently of each other. By contrast, we explore a multiplicative model, which allows for interactivity or synergy between factors, as well as the possibility of diminishing marginal benefit at higher levels of achievement. We find that this model provides a better fit to the data and is therefore superior in its explanatory power. The implication for policy-makers is that they should focus on improving those factors which are the lowest for their nation as this will provide greater relative benefits to subjective well-being. At an individual level this means focusing on improving conditions for those who are experiencing the lowest levels of well-being.",
keywords = "Happiness, Happiness index, Multiplicative model, Subjective well-being",
author = "Chris Tofallis",
note = "{\textcopyright} 2019 Elsevier Ltd. All rights reserved.",
year = "2019",
month = feb,
day = "23",
doi = "10.1016/j.seps.2019.02.003",
language = "English",
journal = "Socio-Economic Planning Sciences",
issn = "0038-0121",
publisher = "Elsevier Ltd",

}

RIS

TY - JOUR

T1 - Which formula for national happiness?

AU - Tofallis, Chris

N1 - © 2019 Elsevier Ltd. All rights reserved.

PY - 2019/2/23

Y1 - 2019/2/23

N2 - The World Happiness Report is published by the United Nations Sustainable Development Solutions Network and contains an international ranking of national average happiness, as measured by surveys of personal life evaluations. It also contains an analysis which tries to explain the happiness figures from more than 150 countries using data on six key variables. That analysis assumes the factors combine in an additive manner and therefore operate independently of each other. By contrast, we explore a multiplicative model, which allows for interactivity or synergy between factors, as well as the possibility of diminishing marginal benefit at higher levels of achievement. We find that this model provides a better fit to the data and is therefore superior in its explanatory power. The implication for policy-makers is that they should focus on improving those factors which are the lowest for their nation as this will provide greater relative benefits to subjective well-being. At an individual level this means focusing on improving conditions for those who are experiencing the lowest levels of well-being.

AB - The World Happiness Report is published by the United Nations Sustainable Development Solutions Network and contains an international ranking of national average happiness, as measured by surveys of personal life evaluations. It also contains an analysis which tries to explain the happiness figures from more than 150 countries using data on six key variables. That analysis assumes the factors combine in an additive manner and therefore operate independently of each other. By contrast, we explore a multiplicative model, which allows for interactivity or synergy between factors, as well as the possibility of diminishing marginal benefit at higher levels of achievement. We find that this model provides a better fit to the data and is therefore superior in its explanatory power. The implication for policy-makers is that they should focus on improving those factors which are the lowest for their nation as this will provide greater relative benefits to subjective well-being. At an individual level this means focusing on improving conditions for those who are experiencing the lowest levels of well-being.

KW - Happiness

KW - Happiness index

KW - Multiplicative model

KW - Subjective well-being

UR - http://www.scopus.com/inward/record.url?scp=85062045073&partnerID=8YFLogxK

U2 - 10.1016/j.seps.2019.02.003

DO - 10.1016/j.seps.2019.02.003

M3 - Article

AN - SCOPUS:85062045073

JO - Socio-Economic Planning Sciences

JF - Socio-Economic Planning Sciences

SN - 0038-0121

ER -