commission-on-wellbeing-and-policy-report---march-2014-pdf

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CONTENTS Chapter 4: Better policy making 49 1. Why a different approach is needed 50 2. A new form of cost-benefit analysis 51 3. QALYs 51 4. The interpersonal distribution of wellbeing 52 5. Discount rates 53 6. The length of life and number of births 53 7. Relation to traditional cost-benefit analysis 54 8. Conclusion 54 Chapter 5: Some implications for policy 56 1. Mental health and character building 58 2. Community 61 3. Income and work 66 4. Governance 69 5. Conclusion 73 Technical annex: Cost-benefit analysis in terms of wellbeing 74 Bibliography 80 6 |
PROLOGUE PROLOGUE The Legatum Institute established the Commission on Wellbeing and Policy to advance the policy debate on social wellbeing. This report aims to give policy makers a greater understanding of how wellbeing data can be used to improve public policy and advance prosperity. The Legatum Institute is founded upon the principle that prosperity is a more capacious idea than can be expressed by a purely material measure such as Gross Domestic Product (GDP). Consequently the Institute’s own Prosperity Index is based on both wealth and wellbeing. The Legatum Institute has sponsored the Commission on Wellbeing and Policy in order to help stimulate a debate as to if and how wellbeing analysis should influence government policy. The Commission operated independently of the Legatum Institute and its views do not necessarily reflect those of the Institute. | 7
Page 1 and 2: | REPORT | 2014 WELLBEING AND POLIC
Page 3 and 4: COMMISSIONERS’ BIOGRAPHIES COMMIS
Page 5: ACKNOWLEDGEMENTS ACKNOWLEDGEMENTS T
Page 10 and 11: INTRODUCTION INTRODUCTION 8 |
Page 12 and 13: INTRODUCTION consistent view about
Page 14 and 15: INTRODUCTION as ‘How happy were y
Page 16 and 17: INTRODUCTION There is a further phi
Page 18 and 19: INTRODUCTION out-of-date or incompl
Page 20 and 21: CHAPTER 1 THE STANDARD MODEL The ba
Page 22 and 23: CHAPTER 1 a poor description of how
Page 24 and 25: CHAPTER 1 or they - might be able t
Page 26 and 27: CHAPTER 1 is developed in Chapter 4
Page 28 and 29: CHAPTER 2 2 MEASURING SUBJECTIVE WE
Page 30 and 31: CHAPTER 2 methodology. While subjec
Page 32 and 33: CHAPTER 2 used to cover a range of
Page 34 and 35: CHAPTER 2 evaluative measure both b
Page 36 and 37: CHAPTER 2 by the ONS and in EU-SILC
Page 38 and 39: CHAPTER 2 framing effects resulting
Page 40 and 41: CHAPTER 2 When the OECD produced th
Page 42 and 43: CHAPTER 2 possible to estimate the
Page 44 and 45: CHAPTER 3 3 THE DRIVERS OF SUBJECTI
Page 46 and 47: CHAPTER 3 Policy makers need to kno
Page 48 and 49: CHAPTER 3 People who are married or
Page 50 and 51: CHAPTER 3 correlation between the w
Page 52 and 53: CHAPTER 4 83. Kahneman et al. (1999
Page 54 and 55: CHAPTER 4 live longer. The quality
Page 56 and 57: CHAPTER 4 The issues here are reall
Page 58 and 59:
CHAPTER 5 5 SOME IMPLICATIONS FOR P
Page 60 and 61:
CHAPTER 5 By tradition, strategic p
Page 62 and 63:
CHAPTER 5 Although these skills are
Page 64 and 65:
CHAPTER 5 with high levels of volun
Page 66 and 67:
CHAPTER 5 abuse. 126 This is not th
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CHAPTER 5 Similar effects are found
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CHAPTER 5 illustrates a point that
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CHAPTER 5 as much of the variance o
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CHAPTER 5 Further, the evidence fro
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TECHNICAL ANNEX TECHNICAL ANNEX COS
Page 78 and 79:
TECHNICAL ANNEX The government’s
Page 80 and 81:
TECHNICAL ANNEX LENGTH OF LIFE The
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BIBLIOGRAPHY BIBLIOGRAPHY 80 |
Page 84 and 85:
BIBLIOGRAPHY Broome, J. Weighing Li
Page 86 and 87:
BIBLIOGRAPHY Duckworth, A. L., Kirb
Page 88 and 89:
BIBLIOGRAPHY Gyarmati, D., de Raaf
Page 90 and 91:
BIBLIOGRAPHY Knight, J., and Gunati
Page 92 and 93:
BIBLIOGRAPHY Oliver, A. Behavioural
Page 94:
BIBLIOGRAPHY Walch, J., Rabin, B. S
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