Daniel Sgroi, SMF-CAGE Global Perspectives Series: Paper 4, Oct 2015

“Happiness” is now an accepted and important policy objective for governments alongside big aggregate targets such as economic growth or unemployment. However, there is surprisingly little work on the importance of happiness as an input to economic processes or measures such as productivity; usually it is considered only as an output or consequence of higher growth or income and not just an output.

Behavioural Economics and Wellbeing