Wellbeing cost-benefit analysis: a new tool for government policy formation, applied to covid
08 april 2021 13:30 – 15:00 Zoom
The research group Wellbeing, Health and Welfare Economics at Örebro University is kindly inviting you to a relevant research seminar for everyone interested in the measurement of well-being.
Paul Frijters, Professor in Wellbeing Economics, London School of Economics, will present "Wellbeing cost-benefit analysis: a new tool for government policy formation, applied to covid"
The presentation will discuss how wellbeing can been measured to support cost-benefit analyses by modern governments. Interpreting 'Satisfaction with life' as a vote by populations on what they think about the quality of the lives they lead, we can draw upon hundreds of thousands of papers from the last 80 years to inform us on the magnitude of wellbeing effects from different policies. Maximising wellbeing would lead to greater policy weight on mental health, full employment, and warm social relations, with less emphasis on the volume of material goods or physical health.
The methodology is illustrated with estimates of the effects of covid policies in the UK, the Netherlands, and Belgium (particularly lockdowns) that have done tremendous harm to the mental health, physical health, economic prosperity, and social life of the population, many times greater than the potential benefits of those policies. This is compared to Sweden.
Register your interest
The WHAWE-seminar is scheduled 13:30-14:30 After seminar discussion: 14:30-15:00 The seminar will take place on online in Zoom. The link to the seminar will be send one day before the seminar to everyone who will send their interest in attending the seminar via an email sent to before April 6.