Writers

Silvia Fornoni

ANALYSIS: The Economics of Happiness

happiness indices

Ireland’s recent Quarterly National Household Survey may be evidence that happiness and economic hardship are not always mutually exclusive. The survey demonstrates that despite the deepening recession, record unemployment, and falling living standards; as many as four out of five Irish respondents answered to be happy all or most of the time. This brings to mind other countries’ growing interest in quantifying populations’ overall wellbeing.

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