What do happy people choose: rapid economic growth or stable economy?

What do happy people choose: rapid economic growth or stable economy?

How SWB affects individual states, outcomes, or decisions is well established in the literature, but how it affects macroeconomic states, outcomes, or decisions remains an open empirical question. This paper focuses on the public policy issue of economic progress defined as either rapid economic gro...

Full description

Saved in:
Bibliographic Details
Main Author: Beja, Edsel L, Jr
Format: text
Published: Archīum Ateneo 2012
Subjects:
Behavioral Economics
Economics
Online Access:https://archium.ateneo.edu/economics-faculty-pubs/130
https://ideas.repec.org/p/pra/mprapa/38851.html
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Ateneo De Manila University
id ph-ateneo-arc.economics-faculty-pubs-1129
record_format eprints
spelling ph-ateneo-arc.economics-faculty-pubs-11292020-08-20T06:23:25Z What do happy people choose: rapid economic growth or stable economy? Beja, Edsel L, Jr How SWB affects individual states, outcomes, or decisions is well established in the literature, but how it affects macroeconomic states, outcomes, or decisions remains an open empirical question. This paper focuses on the public policy issue of economic progress defined as either rapid economic growth or stable economy. Results indicate a negative relationship between high SWB and choice for rapid economic growth or stable economy. This conclusion holds for people in the upper-income and middle-income countries, but not so for people in the low-income countries. In fact, results suggest that people in the low-income countries attend less to either rapid economic growth or stable economy regardless of their SWB. 2012-01-01T08:00:00Z text https://archium.ateneo.edu/economics-faculty-pubs/130 https://ideas.repec.org/p/pra/mprapa/38851.html Economics Department Faculty Publications Archīum Ateneo Behavioral Economics Economics
institution Ateneo De Manila University
building Ateneo De Manila University Library
continent Asia
country Philippines
Philippines
content_provider Ateneo De Manila University Library
collection archium.Ateneo Institutional Repository
topic Behavioral Economics
Economics
spellingShingle Behavioral Economics
Economics
Beja, Edsel L, Jr
What do happy people choose: rapid economic growth or stable economy?
description How SWB affects individual states, outcomes, or decisions is well established in the literature, but how it affects macroeconomic states, outcomes, or decisions remains an open empirical question. This paper focuses on the public policy issue of economic progress defined as either rapid economic growth or stable economy. Results indicate a negative relationship between high SWB and choice for rapid economic growth or stable economy. This conclusion holds for people in the upper-income and middle-income countries, but not so for people in the low-income countries. In fact, results suggest that people in the low-income countries attend less to either rapid economic growth or stable economy regardless of their SWB.
format text
author Beja, Edsel L, Jr
author_facet Beja, Edsel L, Jr
author_sort Beja, Edsel L, Jr
title What do happy people choose: rapid economic growth or stable economy?
title_short What do happy people choose: rapid economic growth or stable economy?
title_full What do happy people choose: rapid economic growth or stable economy?
title_fullStr What do happy people choose: rapid economic growth or stable economy?
title_full_unstemmed What do happy people choose: rapid economic growth or stable economy?
title_sort what do happy people choose: rapid economic growth or stable economy?
publisher Archīum Ateneo
publishDate 2012
url https://archium.ateneo.edu/economics-faculty-pubs/130
https://ideas.repec.org/p/pra/mprapa/38851.html
_version_ 1712577765771837440

Similar Items