Sustainability and Wellbeing: A Scientometric and Bibliometric Review of the Literature
In: Journal of Economic Surveys, Band 31, Heft 4, S. 1035-1061
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In: Journal of Economic Surveys, Band 31, Heft 4, S. 1035-1061
SSRN
In: Environment and development economics, Band 27, Heft 1, S. 1-19
ISSN: 1469-4395
AbstractWe analyse the relationship between individuals' subjective wellbeing (SWB) and measures of their country's sustainability. SWB data are sourced from the World Values Survey; sustainability is measured by ecological footprint (EF) and by components of the World Bank's adjusted net savings (ANS) series. ANS, a measure of weak sustainability, represents changes in a country's capital stock including financial, physical, human and natural capital. We show that an increase in strong sustainability, measured by EF and by ANS's natural capital component, is associated with reductions in SWB over the next decade followed by a rebound in SWB over the subsequent decade. We show also that the perfect substitutability assumptions on which ANS is calculated do not hold. Our findings highlight an important political challenge: governments that run sustainable policies may decrease the near-term wellbeing of citizens. This can reduce government's short-term popularity even though the improved sustainability may raise future wellbeing.
SSRN
Working paper
In: Asia Pacific development journal, Band 21, Heft 1, S. 137-166
ISSN: 2411-9873