If a nation's economic performance improves, how much extra happiness does that buy its citizens? Most public debate assumes--without real evidence--that the answer is a lot. This paper examines the question by using information on well-being in Western countries

This paper describes an emerging literature in economics that aims to merge macro issues of structural change and growth with micro data and analysis. This literature focuses on a set of related patterns of change that accompany the processes of growth and development. Traditionally, the focus...

Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...