Can "happiness data" help evaluate economic policies? : "happiness data" may help assess the walfare effects of a new labor market policy, like a change in benefit generosity
Robert Macculloch (Auckland University, New Zealand)
Imagine a government confronted with a controversial policy question, like whether it should cut the level of unemployment benefits. Will social welfare rise as a result? Will some groups be winners and other groups be losers? Will the welfare gap between the employed and unemployed increase? "Happiness data" offer a new way to make these kinds of evaluations. These data allow us to track the well-being of the whole population, and also sub-groups like the employed and unemployed people, and correlate the results with relevant policy changes.
Year of publication: |
January 2016
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Authors: | Macculoch, Robert |
Publisher: |
Bonn : Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA) |
Subject: | well-being | happiness data | unemployment benefit policy | Zufriedenheit | Satisfaction | Arbeitslosenversicherung | Unemployment insurance | Arbeitsmarktpolitik | Labour market policy | Arbeitslosigkeit | Unemployment | Lohnersatzleistungen | Earnings replacement benefits | Arbeitsmarktreform | Labour market reform | Lebensqualität | Quality of life | Erwerbstätigkeit | Employment | Neuseeland | New Zealand | Wirkungsanalyse | Impact assessment | Beschäftigungseffekt | Employment effect |
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