When Does Economic Growth Improve Well-Being?

Francesco Sarracino

Chapter Chapter 15 in The Economics of Happiness, 2019, pp 355-370 from Springer

Abstract: Abstract Is economic growth the way to pursue better lives? After the second world war, many industrialized countries experienced an unprecedented economic growth that significantly improved people’s living conditions. However, the raising wealth did not result in higher well-being. This conclusion is inconsistent with the well established belief that economic growth is the way to improve the human lot. In this chapter I discuss the evidence on some of the conditions for durable improvements in well-being, namely promoting social capital, and reducing income inequality. I conclude that the quality of growth matters for well-being and that it is possible to adopt policies to make economic growth and well-being compatible.

Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-15835-4_15

Ordering information: This item can be ordered from
http://www.springer.com/9783030158354

DOI: 10.1007/978-3-030-15835-4_15

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().