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7,889 result(s) for "Wellbeing economics"
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A comprehensive analysis of well-being frameworks applied in Australia and their suitability for Indigenous peoples
Well-being is a complex, multi-dimensional, dynamic, and evolving concept, covering social, economic, health, cultural and spiritual dimensions of human living, and often used synonymously with happiness, life satisfaction, prosperity, and quality of life. We review the existing key wellbeing frameworks applied in Australia both for the wider public and Indigenous peoples. The aim is to provide a comprehensive overview of various applied frameworks, along with a critical analysis of domains or dimensions comprising those frameworks, and to analyse the role of nature in those frameworks. We conducted a critical analysis of the main frameworks applied in Australia to date to measure the well-being of the mainstream (mainly non-Indigenous) and Indigenous populations. This study is particularly timely given the Australian Government's interest in revising the well-being frameworks as mentioned in the Government \"Measuring What Matters\" statement. The existing well-being frameworks in Australia either overlook or hardly consider the role of nature and its services which are important to support human well-being. Likewise, for Indigenous peoples \" (Indigenous clan land) is vital for their well-being as their living is imbued with \"Country\". The role of nature/\"Country\" needs to be considered in revising the well-being frameworks, indicators and measures to inform and develop appropriate policies and programs in Australia. To develop appropriate welfare policies and programs for achieving socio-economic and other wellbeing outcomes, it is essential to evolve and conceptualize wellbeing frameworks (and related indicators and measures) in line with people's contemporary values, particularly considering the role of nature and its services.
A Quantitative Analysis of Regional Well-Being
Using data from the World Values Survey, this book sheds light on the link between happiness and the social group to which one belongs. The work is based on a rigorous statistical analysis of differences in the probability of happiness and life satisfaction between the predominant social group and subordinate groups. The cases of India and South Africa receive deep attention in dedicated chapters on cast and race, with other chapters considering issues such as cultural bias, religion, patriarchy, and gender. An additional chapter offers a global perspective. On top of this, the longitudinal nature of the data facilitates an examination of how world happiness has evolved between 1994 and 2014. This book will be a valuable reference for advanced students, scholars and policymakers involved in development economics, well-being, development geography, and sociology.
Socioeconomic wellbeing of women domestic workers in Pune: an exploratory study
PurposeHousehold chores are one of the most essential aspects of each individual's daily routine. The author has observed people from middle and upper socioeconomic backgrounds, outsourcing women domestic workers to perform these household tasks. Even though these women domestic workers make up a significant portion of the total working class, they remain a socially and financially vulnerable section of society. The job of working in other people's private spaces comes with little or no regulation, social protection and no guarantee of decent work standards. The major aim of this study is to find out the social wellbeing of part-time domestic workers of Pune.Design/methodology/approachFor this purpose, the researchers have interviewed 167 women working in the Pune region of Maharashtra, India from the period of October 2020 to January 2021. Descriptive methods and factor analysis have been used to analyze the collected data, so that socioeconomic wellbeing correlated with the significant factors explored. Further, the factors identified that Exploratory Factor Analysis (EFAs) are further validated through reliability analysis (Cronbach’s alpha for economic wellbeing and social wellbeing index for social wellbeing).FindingsWith the help of this study, researchers have tried to explore the significant factors to the social and economic wellbeing of domestic workers. The qualitative facts collected during the interview time have substantiated the findings got in EFA.Originality/valueThe paper aims to provide ground-level insights to policymakers focusing on the domestic work sector, and the gaps identified in the research will help the policymakers to frame the guidelines for the betterment of these informal domestic workers.
The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context
There have long been calls from industry for guidance in implementing strategies for sustainable development. The Circular Economy represents the most recent attempt to conceptualize the integration of economic activity and environmental wellbeing in a sustainable way. This set of ideas has been adopted by China as the basis of their economic development (included in both the 11th and the 12th 'Five Year Plan'), escalating the concept in minds of western policymakers and NGOs. This paper traces the conceptualisations and origins of the Circular Economy, tracing its meanings, and exploring its antecedents in economics and ecology, and discusses how the Circular Economy has been operationalized in business and policy. The paper finds that while the Circular Economy places emphasis on the redesign of processes and cycling of materials, which may contribute to more sustainable business models, it also encapsulates tensions and limitations. These include an absence of the social dimension inherent in sustainable development that limits its ethical dimensions, and some unintended consequences. This leads us to propose a revised definition of the Circular Economy as \"an economic model wherein planning, resourcing, procurement, production and reprocessing are designed and managed, as both process and output, to maximize ecosystem functioning and human well-being\".
Beyond GDP? Welfare across Countries and Time
We propose a summary statistic for the economic well-being of people in a country. Our measure incorporates consumption, leisure, mortality, and inequality, first for a narrow set of countries using detailed micro data, and then more broadly using multi-country datasets. While welfare is highly correlated with GDP per capita, deviations are often large. Western Europe looks considerably closer to the United States, emerging Asia has not caught up as much, and many developing countries are further behind. Each component we introduce plays a significant role in accounting for these differences, with mortality being most important.
THE SHORT-TERM IMPACT OF UNCONDITIONAL CASH TRANSFERS TO THE POOR
We use a randomized controlled trial to study the response of poor households in rural Kenya to unconditional cash transfers from the NGO GiveDirectly. The transfers differ from other programs in that they are explicitly unconditional, large, and concentrated in time. We randomized at both the village and household levels; furthermore, within the treatment group, we randomized recipient gender (wife versus husband), transfer timing (lump-sum transfer versus monthly installments), and transfer magnitude (US$404 PPP versus US$1,525 PPP). We find a strong consumption response to transfers, with an increase in household monthly consumption from $158 PPP to $193 PPP nine months after the transfer began. Transfer recipients experience large increases in psychological well-being. We find no overall effect on levels of the stress hormone cortisol, although there are differences across some subgroups. Monthly transfers are more likely than lump-sum transfers to improve food security, whereas lump-sum transfers are more likely to be spent on durables, suggesting that households face savings and credit constraints. Together, these results suggest that unconditional cash transfers have significant impacts on economic outcomes and psychological well-being.
Consumption Inequality
In this essay, we discuss the importance of consumption inequality in the debate concerning the measurement of disparities in economic well-being. We summarize the advantages and disadvantages of using consumption as opposed to income for measuring trends in economic well-being. We critically evaluate the available evidence on these trends, and in particular discuss how the literature has evolved in its assessment of whether consumption inequality has grown as much as or less than income inequality. We provide some novel evidence on three relatively unexplored themes: inequality in different spending components, inequality in leisure time, and intergenerational consumption mobility.
COVID-19 in Africa: socio-economic impact, policy response and opportunities
PurposeThis paper examines the socio-economic impact of COVID-19 and the policy response in African countries.Design/methodology/approachThis study uses discourse analysis to analyse the socio-economic impact of COVID-19 in Africa.FindingsThe findings reveal that African countries have been affected by the coronavirus pandemic, and the effect was more severe for African regions compared to other regions. The rising pandemic affected social interaction and economic activities through the imposed social distancing policies that have different levels of strictness in several African countriesPractical implicationsThe implication of the findings is that social policies can affect the social and economic well-being of citizens. Secondly, the coronavirus outbreak has revealed how a biological crisis can be transformed to a sociological subject. The most important sociological consequence of the coronavirus outbreak for African citizens is the creation of social anxiety among families and households in the region. The outbreak has also shown how vulnerable African societies are in facing health hazards. Policymakers should enforce social policies that unite communities in bad times, to reduce social anxiety.Originality/valueThis is the first paper that explore the socio-economic impact of coronavirus and the policy response in African countries.
Gender Differences in the Consequences of Divorce: A Study of Multiple Outcomes
In this study, I examined gender differences in the consequences of divorce by tracing annual change in 20 outcome measures covering four domains: economic, housing and domestic, health and well-being, and social. I used data from the German Socio-Economic Panel Study (SOEP) and fixed-effects panel regression models on a sample of N = 18,030 individuals initially observed in a marital union, N = 1,220 of whom divorced across the observation period (1984-2015). Three main findings emerged from the analysis. First, men were more vulnerable to short-term consequences of divorce for subjective measures of well-being, but postdivorce adaptation alleviated gender differences in these outcomes. Second, a medium-term view on multiple outcomes showed more similarity than differences between women and men. The medium-term consequences of divorce were similar in terms of subjective economic well-being; mental health, physical health, and psychological well-being; residential moves, homeownership, and satisfaction with housework; and chances of repartnering, social integration with friends and relatives, and feelings of loneliness. Third, the key domain in which large and persistent gender differences emerged were women's disproportionate losses in household income and associated increases in their risk of poverty and single parenting. Taken together, these findings suggest that men's disproportionate strain of divorce is transient, whereas women's is chronic.
Rural Population Health and Aging: Toward a Multilevel and Multidimensional Research Agenda for the 2020s
The unique health and aging challenges of rural populations often go unnoticed. In fact, the rural United States is home to disproportionate shares of older and sicker people, there are large and growing rural–urban and within-rural mortality disparities, many rural communities are in population decline, and rural racial/ethnic diversity is increasing. Yet rural communities are not monolithic, and although some rural places are characterized by declining health, others have seen large improvements in population health. We draw on these realities to call for new research in five areas. First, research is needed to better describe health disparities between rural and urban areas and, because rural places are not monolithic, across rural America. Second, research is needed on how trends in rural population health and aging are affecting rural communities. Third, research is needed on the ways in which economic well-being and livelihood strategies interact with rural health and aging. Fourth, we need to better understand the health implications of the physical and social isolation characterizing many rural communities. Finally, we argue for new research on the implications of local natural environments and climate change for rural population health and aging.