Will faster economic growth make us happier? The relevance of the Easterlin Paradox to Progress Studies

Progress Studies has been popularised by academics such as Tyler Cowen and Steven Pinker. However, the Easterlin Paradox presents a real challenge to the claim that if we want more progress, we just need to improve the long-run growth rate - a view that Cowen argues for in his book Stubborn Attachments.

Happiness for the whole family

We update our previous analysis to incorporate the household spillover effects for cash transfers and psychotherapy. We estimate that psychotherapy is 9 times (95% CI: 2, 100) more cost-effective than cash transfers. The charity StrongMinds is estimated to be 9 times (95% CI: 1, 90) more cost-effective than the charity GiveDirectly.

Global priority: mental health

This report investigates the global burden of mental illness. It sets out how big the problem is, how much spending it receives, and how those resources are allocated. It then focuses specifically on what can be done to reduce anxiety and depression in low-income countries.

Cash transfers: systematic review and meta-analysis

We know that cash transfers reduce poverty, improve health and enhance education but what impact do they have on how people feel and think about their lives? We find that cash transfers have a small, positive effect on subjective wellbeing, one that lasts for several years.

The comparability of subjective scales

There are long-standing doubts about whether data from subjective scales are cardinally comparable—should we, for instance, believe that if two people self-report their happiness as '7/10' then they are as happy as each other? It is unclear how to assess whether these doubts are justified without first addressing two unresolved theoretical questions: how do people interpret subjective scales, and which assumptions are required for cardinal comparability? This working paper offers answers to both.