Abstract

 


 



Does Effective Social Policy Guarantee Happiness?


Yuriy Timofeyev


Frankfurt School of Finance & Management

Galina Timofeyeva


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

Abstract:     
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, H89

Accepted Paper Series


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Date posted: April 2, 2012 ; Last revised: May 20, 2012

Suggested Citation

Timofeyev, Yuriy and Timofeyeva, Galina, Does Effective Social Policy Guarantee Happiness? (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. Available at SSRN: http://ssrn.com/abstract=2032579

Contact Information

Yuriy Timofeyev (Contact Author)
Frankfurt School of Finance & Management ( email )
Sonnemannstraße 9-11
Frankfurt am Main, 60314
Germany
Galina Timofeyeva
affiliation not provided to SSRN ( email )
Feedback to SSRN (Beta)


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