Wellbeing

CEP discussion paper

Marriage as insurance: job protection and job insecurity in France

Job insecurity is one of the risks that workers face on the labour market. As with any risk, individuals can choose to insure against it. We here consider marriage as a way of insuring against labour-market risk. The 199...Read more...

CentrePiece article

Beyond income inequality: non-monetary rewards to work

Discussion of income inequality focuses primarily on wages with limited consideration of the non-monetary rewards to work, not least the satisfaction that employees experience in doing their jobs. Andrew Clark, Maria Cot...Read more...

Book

A Handbook for Wellbeing Policy-Making
History, Theory, Measurement, Implementation, and Examples

Around the world, governments are starting to directly measure the subjective wellbeing of their citizens and to use it for policy evaluation and appraisal. What would happen if a country were to move from using GDP to u...Read more...

External publication

World Happiness Report 2021

The World Happiness Report 2021 focuses on the effects of COVID-19 and how people all over the world have fared. Our aim was two-fold, first to focus on the effects of COVID-19 on the structure and quality of people's li...Read more...

CentrePiece article

Build back happier

In CEP’s first anniversary lecture marking 30 years since the Centre began, founder director Richard Layard outlined the science of wellbeing and its implications for public policy. As society tries to recover from the c...Read more...

Journal article

Journal of Business and Economic Statistics: Forthcoming

Analyzing Subjective Well-Being Data with Misclassification

We use novel nonparametric techniques to test for the presence of nonclassical measurement error in reported life satisfaction (LS) and study the potential effects from ignoring it. Our dataset comes from Wave 3 of the U...Read more...

CentrePiece article

Happier lives: exploring what matters

Can we teach people to live happier and more pro-social lives? Are there cost-effective and scalable interventions? And could the effects be sustained over time? Christian Krekel and colleagues have evaluated the impact ...Read more...

CEP occasional paper

Are happier people more compliant? Global evidence from three large-scale surveys during Covid-19 lockdowns

Around the world, governments have been asking their citizens to practice physical distancing and stay at home to contain the spread of Covid-19. Are happier people more willing to comply with these measures? Using three...Read more...

CEP discussion paper

Parental well-being in times of Covid-19 in Germany

We examine the differential effects of Covid-19 and related restrictions on individuals with dependent children in Germany. We specifically focus on the role of school and day care center closures, which may be regarded ...Read more...

Journal article

Behavioural Public Policy:

A happy choice: a response to the responses

We are very happy to see the engagement of so many eminent scholars in our field with our modest proposal for how to proceed with wellbeing policy formation in the UK.We are also heartened by the apparent endorsement of ...Read more...

External publication

World Happiness Report 2020

The World Happiness Report is a landmark survey of the state of global happiness that ranks 156 countries by how happy their citizens perceive themselves to be. The World Happiness Report 2020 for the first time ranks ci...Read more...

CEP discussion paper

Covid-19, lockdowns and well-being: evidence from Google trends

The COVID-19 pandemic has led many governments to implement lockdowns. While lockdowns may help to contain the spread of the virus, they may result in substantial damage to population well-being. We use Google Trends dat...Read more...

CEP discussion paper

A natural experiment on job insecurity and fertility in France

Job insecurity can have wide-ranging consequences outside of the labour market. We here argue that it reduces fertility amongst the employed. The 1999 rise in the French Delalande tax, paid by large private firms when th...Read more...

CEP discussion paper

Machiavelli versus concave utility functions: should bads be spread out or concentrated?

Is wellbeing higher if the same number of negative events is spread out rather than bunched in time? Should positive events be spread out or bunched? We answer these questions exploiting quarterly data on six positive an...Read more...

CentrePiece article

Can we be happier?

If the goal for society is the greatest possible all-round happiness, how can that be achieved? Richard Layard and George Ward outline the evidence on what explains the huge variation in people's life satisfaction – and ...Read more...

Book

Can We Be Happier? Evidence and Ethics

Most people now realise that economic growth, however desirable, will not solve all our problems. Instead, we need a philosophy and a science which encompasses a much fuller range of human need and experience. Thi...Read more...

Journal article

Japanese Economic Review:

The Joneses in Japan: income comparisons and financial satisfaction

This paper uses relatively large-scale internet survey data from Japan to analyse income comparisons and income satisfaction. In contrast to the vast majority of empirical work in the area of subjective well-being, we ar...Read more...

CEP discussion paper

A local community course that raises mental wellbeing and pro-sociality

Although correlates of mental wellbeing have been extensively studied, relatively little is known about how to effectively raise mental wellbeing in local communities by means of intervention. We conduct a randomised con...Read more...

CEP discussion paper

The motivational cost of inequality: pay gaps reduce the willingness to pursue rewards

Factors beyond a person’s control, such as demographic characteristics at birth, often influence the availability of rewards an individual can expect for their efforts. We know surprisingly little how such pay-gaps due t...Read more...

Blog

LSE Business Review:

Economic insecurity breeds support for the right

Economic insecurity breeds support for the right Economic insecurity is attracting growing attention in social, academic, and policy circles. It has arguably risen for a number of reasons in recent years: the Great Rece...Read more...

CentrePiece article

In brief...The long-term effects of financial distress in childhood

Is there a relationship between childhood circumstances and outcomes later in life? Andrew Clark and colleagues consider the cognitive and non-cognitive consequences for young adults whose families experienced major fina...Read more...

CEP discussion paper

Economic insecurity and the rise of the right

Economic insecurity has attracted growing attention in social, academic and policy circles. However, there is no consensus as to its precise definition. Intuitively, economic insecurity is multi-faceted, making any compr...Read more...

CEP discussion paper

A happy choice: wellbeing as the goal of government

In this article, we lay out the basic case for wellbeing as the goal of government. We briefly review the history of this idea, which goes back to the ancient Greeks and was the acknowledged ideal of the Enlightenment. W...Read more...

CEP discussion paper

Does employee happiness have an impact on productivity?

This article provides quasi-experimental evidence on the relationship between employee happiness and productivity in the field. We study the universe of call center sales workers at British Telecom (BT), one of the Unite...Read more...

CEP discussion paper

Quantifying the intangible impact of the Olympics using subjective well-being data

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in Lond...Read more...