Does Effective Social Policy Guarantee Happiness?

International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering. 2012. Vol. 6. No. 3. P. 330-337.

8 Pages Posted: 2 Apr 2012 Last revised: 17 Dec 2018

See all articles by Yuriy Timofeyev

Yuriy Timofeyev

National Research University Higher School of Economics

Galina Timofeyeva

affiliation not provided to SSRN

Date Written: March 28, 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.

Keywords: government effectiveness, happiness, social progress, state social policy

JEL Classification: H53, H59, H89

Suggested Citation

Timofeyev, Yuriy and Timofeyeva, Galina, Does Effective Social Policy Guarantee Happiness? (March 28, 2012). International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering. 2012. Vol. 6. No. 3. P. 330-337., Available at SSRN: https://ssrn.com/abstract=2032579

Yuriy Timofeyev (Contact Author)

National Research University Higher School of Economics ( email )

Moscow
Russia

Galina Timofeyeva

affiliation not provided to SSRN ( email )

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