Does Effective Social Policy Guarantee Happiness?
Frankfurt School of Finance & Management
affiliation not provided to SSRN
April 1, 2012
Proceedings of the World Academy of Science 'Engineering and Technology Conference on International Scientific Research and Experimental Development'. Madrid, Spain, March 28-29, 2012
In the paper it is questioned whether effective state social policy provides happiness and social progress. For this purpose selected correlations between Human Development Index (HDI), share of public social expenditures in GDP, the Happy Planet Index (HPI), GDP per capita, and Government Effectiveness are examined and the results are graphically presented. It is shown how a government can affect well-being and happiness in different countries of modern world. Also, it is tested the hypothesis about existence of a certain optimum of well-being and public social expenditures, which affect direction of social progress. It is concluded that efficient social policy and wealth are not the only factors determining human happiness.
Number of Pages in PDF File: 8
Keywords: government effectiveness, happiness, social progress, state social policy
JEL Classification: H53, H59, H89Accepted Paper Series
Date posted: April 2, 2012 ; Last revised: May 20, 2012
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