Journal
OXFORD DEVELOPMENT STUDIES
Volume 43, Issue 3, Pages 281-309Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/13600818.2015.1067293
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- German Research Foundation
- Council of Science and Humanities through Bremen International Graduate School of Social Sciences
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While research on subjective well-being (SWB) has recently attracted much attention in richer nations, its potential in a development context remains underexploited. This paper, therefore, considers conventional development theory through an SWB lens. The Human Development approach with its three key elements of material conditions, health and education is re-assessed by examining to what extent these factors actually matter for people's life satisfaction in different nations. Using data from the World Values Survey for 100 000 people from 70 nations, considerable heterogeneity is identified and a new country ranking in the form of an SWB-adjusted Human Development Index, or 'Happy Development Index', is devised.
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