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dc.contributor.authorTofallis, Chris
dc.date.accessioned2019-04-18T14:05:12Z
dc.date.available2019-04-18T14:05:12Z
dc.date.issued2019-02-23
dc.identifier.citationTofallis , C 2019 , ' Which formula for national happiness? ' , Socio-Economic Planning Sciences . https://doi.org/10.1016/j.seps.2019.02.003
dc.identifier.issn0038-0121
dc.identifier.otherORCID: /0000-0001-6150-0218/work/62748530
dc.identifier.urihttp://hdl.handle.net/2299/21285
dc.description© 2019 Elsevier Ltd. All rights reserved.
dc.description.abstractThe World Happiness Report is published by the United Nations Sustainable Development Solutions Network and contains an international ranking of national average happiness, as measured by surveys of personal life evaluations. It also contains an analysis which tries to explain the happiness figures from more than 150 countries using data on six key variables. That analysis assumes the factors combine in an additive manner and therefore operate independently of each other. By contrast, we explore a multiplicative model, which allows for interactivity or synergy between factors, as well as the possibility of diminishing marginal benefit at higher levels of achievement. We find that this model provides a better fit to the data and is therefore superior in its explanatory power. The implication for policy-makers is that they should focus on improving those factors which are the lowest for their nation as this will provide greater relative benefits to subjective well-being. At an individual level this means focusing on improving conditions for those who are experiencing the lowest levels of well-being.en
dc.format.extent10
dc.format.extent734597
dc.language.isoeng
dc.relation.ispartofSocio-Economic Planning Sciences
dc.subjectHappiness
dc.subjectHappiness index
dc.subjectMultiplicative model
dc.subjectSubjective well-being
dc.subjectGeography, Planning and Development
dc.subjectEconomics and Econometrics
dc.subjectStrategy and Management
dc.subjectStatistics, Probability and Uncertainty
dc.subjectManagement Science and Operations Research
dc.titleWhich formula for national happiness?en
dc.contributor.institutionHertfordshire Business School
dc.description.statusPeer reviewed
dc.date.embargoedUntil2021-02-23
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85062045073&partnerID=8YFLogxK
rioxxterms.versionofrecord10.1016/j.seps.2019.02.003
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue


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