A Handbook for Wellbeing Policy-Making: History, Theory, Measurement, Implementation, and Examples

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Paul Frijters (Visiting Professor of Wellbeing Economics, London School of Economics) Christian Krekel (Assistant Professor in Behavioural Science, London School of Economics)

A Handbook for Wellbeing Policy-Making

History, Theory, Measurement, Implementation, and Examples

Paul Frijters (Visiting Professor of Wellbeing Economics, London School of Economics), Christian Krekel (Assistant Professor in Behavioural Science, London School of Economics)

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English

Oxford University Press
19 August 2021

Economic growth; Political economy; Health economics; Welfare economics

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.

By: Paul Frijters (Visiting Professor of Wellbeing Economics London School of Economics), Christian Krekel (Assistant Professor in Behavioural Science, London School of Economics)
Imprint: Oxford University Press
Country of Publication: United Kingdom
Edition: 1
Dimensions: Height: 141mm, Width: 163mm, Spine: 30mm
Weight: 846g
ISBN: 9780192896803
ISBN 10: 0192896806
Pages: 464
Publication Date: 19 August 2021
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Paul Frijters is Professor of Wellbeing Economics at the London School of Economics. From 2016 to 2019 he was at the Center for Economic Performance and thereafter at the Department of Social Policy. He completed his Masters in Econometrics at the University of Groningen and his PhD in Economics at the University of Amsterdam. He has taught at the University of Melbourne, the Australian National University, the University of Queensland, and the LSE. Professor Frijters specializes in applied microeconometrics, including labour, health, and happiness economics and has published over 150 refereed journal articles. In 2009, he was voted Australia's best young economist under the age of 40 by the Australian Economic Society. Christian Krekel is Assistant Professor in Behavioural Science in the Department of Psychological and Behavioural Science at the London School of Economics. He is also a Research Associate at the Centre for Economic Performance and at the Wellbeing Research Centre at the University of Oxford. Dr Krekel is an applied economist and his research fields include behavioural economics and wellbeing, policy and programme evaluation, and applied panel and spatial analysis. He obtained his PhD in Economics from the Paris School of Economics. He was awarded the Young Economist Award by the European Economic Association.

Reviews for A Handbook for Wellbeing Policy-Making: History, Theory, Measurement, Implementation, and Examples

the book makes a very important contribution as it brings wellbeing research that has grown rapidly over the last three decases to policy by develping a forceful framework for welling cost-effectiveness analysis. * Ronnie Schob, The Journal of Economic Inequality * timely ... Handbook for Wellbeing Policy-Making is especially recommended for practitioners at all levels of government * Paulo Anciaes, LSE Review of Books * I think the book is timely, in a world where wellbeing budgets and wellbeing policy plays a much bigger role than before...the book starts well with a concise and wellwritten introduction to the history of thought behind the WELLBY concept and its relationship to current policy...as an academic or a practitioner with a strong interest in operationalising the WELLBY to inform public policy or policy analysis and evaluation the book is a worthwhile starting point - it provides examples and formulas or recipes to conduct a wellbeing analysis of policies implemented or proposed. * Uwe Dulleck, Economic Record *