The current state of research on the two-way linkages between productivity and well-being

Andrew. Sharpe and Shahrzad. Mobasher Fard

ILO Working Papers from International Labour Organization

Abstract: Interest in the topic of well-being has burgeoned in recent years as the weaknesses of gross domestic product (GDP) per capita as a proxy for well- being have become more apparent. At the same time, the global economy has experienced a productivity slowdown. Since productivity growth is recognized as being by far the most important long-term source of sustainable gains in living standards, this development has implications for the future of living standards around the world. These two developments raise a number of issues related to the two-way linkages between productivity and well-being. First, does slower productivity growth constitute a significant threat to the betterment of the well-being of the world’s population, and, if so, by how much? Second, given that many indicators of well-being can have positive effects on productivity, should one aspect of any strategy to revive productivity growth be to focus on policies that improve well-being? The objective of this report is to survey the current state of research on the two-way linkages between productivity and well- being.

Keywords: productivity.; wellbeing; measurement. (search for similar items in EconPapers)
Pages: 1 online resource (44 p.) pages
Date: 2022
New Economics Papers: this item is included in nep-eff and nep-hap
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Citations: View citations in EconPapers (2)

Published in ILO working paper series

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