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The key determinants of happiness and misery

Clark, Andrew E., Flèche, Sarah, Layard, Richard, Powdthavee, Nattavudh and Ward, George (2017) The key determinants of happiness and misery. CEP Discussion Papers (CEPDP1485). Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

Understanding the key determinants of people’s life satisfaction will suggest policies for how best to reduce misery and promote wellbeing. This paper provides evidence from survey data on USA, Australia, Britain and Indonesia, which indicate that the things that matter most are people’s social relationships and their mental and physical health. These adult factors affecting happiness are influenced in turn by the pattern of child development: the best predictor of an adult’s life satisfaction is their emotional health as a child. These results call for a new focus for public policy – not “wealth-creation” but “wellbeing-creation”.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2017 The Authors
Divisions: Economics
Centre for Economic Performance
Subjects: R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
Sets: Departments > Economics
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 21 Jul 2017 10:21
Last Modified: 13 Sep 2019 23:29
Funders: Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/83622

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