27 February 2014

Development as... no measurable increase in happiness

Recent Chinese economic growth has led to half a billion people being lifted out of poverty, without doubt just an amazing wonderful story. The poverty rate halved in just over a decade. Human development - measuring not just income but also health and education, has also leapt.

And happiness? Nothing. No change at all. Maybe a bit of a drop. Measured across three different surveys. Chew on that one.

Data from a new CSAE working paper by John Knight and Ramani Gunatilaka

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