English title: Happiness matters: the role of well-being in productivity

Author(s): Charles Henri DiMaria - Chiara Peroni - Francesco Sarracino -

Language: English

Type: Report, working paper

Year: 2014

Abstract

This article is about the link between people’s subjective well-being, defined as an evaluation of one’s own life, and productivity. Our aim is to test the hypothesis that subjective well-being contributes to productivity using a two step approach: first, we establish whether subjective well-being can be a candidate variable to study Total Factor Productivity; second, we assess how much subjective well-being contributes to productivity at aggregate level through efficiency gains. We adopt Data Envelopment Analysis to compute total factor productivity and efficiency indices using European Social Survey and AMECO data for 20 European countries. Results show that subjective well-being is an input and not an output to production.

Edition: 0

Institution: University Library of Munich, Germany

Number of pages: 0

Number: 56983

Series: MPRA Paper