Institutions, Social Norms and Well-being

Murray Petrie ()

No 02/12, Treasury Working Paper Series from New Zealand Treasury

Abstract: This paper discusses the intrinsic and instrumental value of governance and social norms to the well being of New Zealanders. The interaction between informal social norms and formal institutions is also discussed. An attempt is made to identify the channels and precise mechanisms through which governance and social norms respectively may impact on well-being. Empirical evidence on these effects is cited, and the relevance of the evidence to New Zealand is assessed. A range of suggestions is then presented for strengthening the governance of public institutions in New Zealand, focusing on improvements to transparency, accountability and integrity within existing constitutional arrangements. Finally, some tentative remarks are made on the potential role of government in influencing the evolution of social norms, and managing tensions between conflicting norms in New Zealand.

Keywords: Norms; governance; well-being; public institutions; transparency (search for similar items in EconPapers)
JEL-codes: D7 Z13 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2002-06
New Economics Papers: this item is included in nep-cbe
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Persistent link: https://EconPapers.repec.org/RePEc:nzt:nztwps:02/12

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