The economy of well-being: Creating opportunities for people's well-being and economic growth
As well-being has matured as a statistical and measurement agenda, it has become increasingly relevant as a "compass" for policy, with a growing number of countries using well-being metrics to guide decision-making and inform budgetary processes. One remaining challenge has consisted in pr...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2019
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| Schriftenreihe: | OECD Statistics Working Papers
no.2019/02 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | As well-being has matured as a statistical and measurement agenda, it has become increasingly relevant as a "compass" for policy, with a growing number of countries using well-being metrics to guide decision-making and inform budgetary processes. One remaining challenge has consisted in providing policy-makers with a better understanding of the linkages between the drivers of well-being and economic growth. This paper develops the concept of an "Economy of Well-being" as a basis for highlighting these linkages and showing how policy can most effectively leverage them. The paper defines an economy of well-being around the idea of a "virtuous circle" in which individual well-being and long-term economic growth are mutually reinforcing. It also explores the characteristics of an economy of well-being and the conditions under which it can be sustained. Secondly, based on a survey of existing empirical evidence, the paper contributes to outline how economies of well-being can be built. It provides analysis of several important channels through which economic growth and well-being support and reinforce one another, focusing on the multidimensional impact of policies in four areas that research has shown to be important for well-being: Education and Skills; Health; Social Protection and Redistribution; and Gender Equality. |
| Beschreibung: | 1 Online-Ressource (54 p.) |
| DOI: | 10.1787/498e9bc7-en |
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| spelling | Llena-Nozal, Ana VerfasserIn aut The economy of well-being Creating opportunities for people's well-being and economic growth Ana, Llena-Nozal, Neil, Martin and Fabrice, Murtin Paris OECD Publishing 2019 1 Online-Ressource (54 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Statistics Working Papers no.2019/02 As well-being has matured as a statistical and measurement agenda, it has become increasingly relevant as a "compass" for policy, with a growing number of countries using well-being metrics to guide decision-making and inform budgetary processes. One remaining challenge has consisted in providing policy-makers with a better understanding of the linkages between the drivers of well-being and economic growth. This paper develops the concept of an "Economy of Well-being" as a basis for highlighting these linkages and showing how policy can most effectively leverage them. The paper defines an economy of well-being around the idea of a "virtuous circle" in which individual well-being and long-term economic growth are mutually reinforcing. It also explores the characteristics of an economy of well-being and the conditions under which it can be sustained. Secondly, based on a survey of existing empirical evidence, the paper contributes to outline how economies of well-being can be built. It provides analysis of several important channels through which economic growth and well-being support and reinforce one another, focusing on the multidimensional impact of policies in four areas that research has shown to be important for well-being: Education and Skills; Health; Social Protection and Redistribution; and Gender Equality. Economics Martin, Neil MitwirkendeR ctb Murtin, Fabrice MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/498e9bc7-en Volltext |
| spellingShingle | Llena-Nozal, Ana The economy of well-being Creating opportunities for people's well-being and economic growth Economics |
| title | The economy of well-being Creating opportunities for people's well-being and economic growth |
| title_auth | The economy of well-being Creating opportunities for people's well-being and economic growth |
| title_exact_search | The economy of well-being Creating opportunities for people's well-being and economic growth |
| title_full | The economy of well-being Creating opportunities for people's well-being and economic growth Ana, Llena-Nozal, Neil, Martin and Fabrice, Murtin |
| title_fullStr | The economy of well-being Creating opportunities for people's well-being and economic growth Ana, Llena-Nozal, Neil, Martin and Fabrice, Murtin |
| title_full_unstemmed | The economy of well-being Creating opportunities for people's well-being and economic growth Ana, Llena-Nozal, Neil, Martin and Fabrice, Murtin |
| title_short | The economy of well-being |
| title_sort | economy of well being creating opportunities for people s well being and economic growth |
| title_sub | Creating opportunities for people's well-being and economic growth |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/498e9bc7-en |
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