Globalization, Poverty, Inequality, and Insecurity: Some Insights from the Economics of Happiness

Carol Graham

No RP2005-33, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The literature on the economics of happiness in the developed economies finds discrepancies between reported measures of wellbeing and income measures. The 'Easterlin paradox', for example, shows that average happiness levels do not increase as countries grow wealthier. This article explores how the economics of happiness can help explain gaps between standard measures of poverty and inequality and reported assessments of welfare in countries in the process of integrating into the global economy.

Keywords: Econometric models (Economic development); Equality and inequality; Globalization; Poverty measurement; Welfare economics (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (3)

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