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Look Inside Get Access Find out how to access previewonly content Human Happiness and the Pursuit of Maximization Happiness Studies Book Series 2013, pp 191210 Date: 10 Jul 2013 A “Happiness Test” for the New Measures of National WellBeing: How Much Better than GDP are They? Abstract Across the globe there is growing skepticism about the usefulness of GDP as a measure of national wellbeing. Consequently, several alternative qualityoflife (QOL) measures were developed which either aim at healing the GDP, complementing it, or replacing it. This chapter portrays some of these new measures and puts them to a ‘happiness test’: compared to the GDP, are the new QOL measures better able to capture what makes people happy and satisfied with their lives? Using data for 34 OECD societies, we can show that from a happiness perspective, there is— surprisingly—little wrong with the GDP, and most alternative QOL measures do not outperform GDP. Yet, one measure actually does a better job: the OECD’s Better Life Index which is particularly effective when it comes to predicting subjective wellbeing in the richest OECD countries. In sum, the chapter demonstrates that a happiness perspective can add important insights along the way to facilitate the search for a new, widely accepted, internationally comparable measure of wellbeing. Page %P Page 1

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  • LookInsideGetAccessFindouthowtoaccesspreviewonlycontentHumanHappinessandthePursuitofMaximizationHappinessStudiesBookSeries2013,pp191210Date:10Jul2013

    AHappinessTestfortheNewMeasuresofNationalWellBeing:HowMuchBetterthanGDPareThey?AbstractAcrosstheglobethereisgrowingskepticismabouttheusefulnessofGDPasameasureofnationalwellbeing.Consequently,severalalternativequalityoflife(QOL)measuresweredevelopedwhicheitheraimathealingtheGDP,complementingit,orreplacingit.Thischapterportrayssomeofthesenewmeasuresandputsthemtoahappinesstest:comparedtotheGDP,arethenewQOLmeasuresbetterabletocapturewhatmakespeoplehappyandsatisfiedwiththeirlives?Usingdatafor34OECDsocieties,wecanshowthatfromahappinessperspective,thereissurprisinglylittlewrongwiththeGDP,andmostalternativeQOLmeasuresdonotoutperformGDP.Yet,onemeasureactuallydoesabetterjob:theOECDsBetterLifeIndexwhichisparticularlyeffectivewhenitcomestopredictingsubjectivewellbeingintherichestOECDcountries.Insum,thechapterdemonstratesthatahappinessperspectivecanaddimportantinsightsalongthewaytofacilitatethesearchforanew,widelyaccepted,internationallycomparablemeasureofwellbeing.

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    AboutthisChapter

    TitleAHappinessTestfortheNewMeasuresofNationalWellBeing:HowMuchBetterthanGDPareThey?

    BookTitleHumanHappinessandthePursuitofMaximization

    BookSubtitleIsMoreAlwaysBetter?

    Pagespp191210

    Copyright2013

    DOI10.1007/9789400766099_14

    PrintISBN9789400766082

    OnlineISBN9789400766099

    SeriesTitleHappinessStudiesBookSeries

    SeriesISSN22137513

    PublisherSpringerNetherlands

    CopyrightHolderSpringerScience+BusinessMediaDordrecht

    AdditionalLinks

  • AboutthisBook

    Topics

    QualityofLifeResearch

    PositivePsychology

    BehaviouralSciences

    FinancialEconomics

    eBookPackages

    eBookPackageenglishHumanities,SocialSciences&Law

    eBookPackageenglishfullCollection

    Editors

    HilkeBrockmann (3)

    JanDelhey(4)

    EditorAffiliations

    3.,SchoolofHumanitiesandSocialSciences,JacobsUniversityBremen

    4.SchoolofHumanitiesandSocialSciences,JacobsUniversity

    Authors

    JanDelhey(1)

    ChristianKroll(2)

    AuthorAffiliations

    1.SchoolofHumanitiesandSocialSciences,JacobsUniversityBremen,Bremen,Germany

    2.BremenInternationalGraduateSchoolofSocialSciences,Bremen,Germany

    Continuereading...ToviewtherestofthiscontentpleasefollowthedownloadPDFlinkabove.

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