Oct 17, 2014
Carol Graham will explore what we know about the determinants of happiness, then present both the promise and the potential pitfalls of injecting the "economics of happiness" into public policymaking.
Despite the rapid economic growth in countries like China, India, and Brazil, around 1 billion people around the world still survive on less than $2 per day. Understanding the factors influencing economic growth and development is therefore crucial to enhancing aggregate human welfare. The RAND Corporation established RAPID in 2009 to help advance this objective. Researchers associated with RAPID are dedicated to improving our knowledge of the challenges individuals and countries face in rising out of poverty and to providing decision makers with the information needed for policies to enhance poverty reduction and well-being and increase economic growth.