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The current state of research on the two-way linkages between productivity and well-being

Author

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  • Sharpe, Andrew.
  • Mobasher Fard, Shahrzad.

Abstract

Interest in the topic of well-being has burgeoned in recent years as the weaknesses of gross domestic product (GDP) per capita as a proxy for well- being have become more apparent. At the same time, the global economy has experienced a productivity slowdown. Since productivity growth is recognized as being by far the most important long-term source of sustainable gains in living standards, this development has implications for the future of living standards around the world. These two developments raise a number of issues related to the two-way linkages between productivity and well-being. First, does slower productivity growth constitute a significant threat to the betterment of the well-being of the world’s population, and, if so, by how much? Second, given that many indicators of well-being can have positive effects on productivity, should one aspect of any strategy to revive productivity growth be to focus on policies that improve well-being? The objective of this report is to survey the current state of research on the two-way linkages between productivity and well- being.

Suggested Citation

  • Sharpe, Andrew. & Mobasher Fard, Shahrzad., 2022. "The current state of research on the two-way linkages between productivity and well-being," ILO Working Papers 995172493102676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:995172493102676
    DOI: 10.54394/TMUV3384
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    Cited by:

    1. Andrew Sharpe & Dan Sichel & Bart van Ark, 2022. "Introduction to the Symposium on Productivity and Well-being, Part I," International Productivity Monitor, Centre for the Study of Living Standards, vol. 42, pages 104-116, Spring.
    2. Abdul A. Erumban, 2023. "The Falling Productivity in West Asian Arab Countries Since the 1980s: Causes, Consequences, and Cures," International Productivity Monitor, Centre for the Study of Living Standards, vol. 44, pages 89-119, Fall.

    More about this item

    Keywords

    productivity.; wellbeing; measurement.;
    All these keywords.

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