Economy: Economic News, Policy & Analysis - The Washington Post: Well-being: the absence of pain

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Well-being: the absence of pain Jun 8th 2012, 14:25 Economist Betsey Stevenson explains why higher rates of consumption don't necessarily increase a country's well-being: We do find that richer countries have higher average wellbeing. But it's not clear that it is directly due to consumption. In fact, the Gallup data lets us look at other very specific metrics of wellbeing. What you see is that in richer countries, people are less likely to experience pain in their day. That may be because of consumption; they may be consuming more aspirin. But it may also be because they have a choice as to whether to do more or less backbreaking work, and economic progress gives them a greater ability to pursue lives that will incur less pain. Read full article >>

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