Tuesday, April 08, 2014

Wellbeing and Policy report from the Legatum Institute

The Legatum Institute recently released "Wellbeing and Policy", a 96 page document aimed at advancing the debate on how wellbeing data can be used to improve public policy. The authors of the report are the former head of the Civil Service Lord Gus O'Donnell, Professor Angus Deaton of Princeton University, Martine Durand of the OECD,  Dr. David Halpern of the Behavioural Insights Team and Lord Layard of LSE.

The report is quite detailed and worth reading. Among many other things, it discusses the issues around measuring wellbeing, the three broad concepts of life satisfaction, positive affect and eudaimonia (psychological 'flourishing' or having a sense of meaning in life) and offers concrete suggestions for how measurements of wellbeing should inform policy decisions (example below).

Below is a video featuring the authors discussing the report.

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