ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Chirodip MajumdarSubscribe to Chirodip Majumdar

Don't Worry, Be Happy,

Happiness is a subjective measure of the quality of life in all its domains. Lately, the social and economic dimensions of happiness and its measurement have been the subject of some study. There are several factors that affect individual well-being, with income, employment, health, religion, marriage, education and workplace satisfaction being important determinants. Macroeconomic variables such as unemployment, poverty, literacy rate, life expectancy, inflation rate, crime rate and political stability also affect happiness. This article looks at the literature of the economics of happiness and is a survey of the relationship between happiness and several correlates of happiness. It aims to establish that analysing happiness from an economist's perspective can help choose between alternative public policies, and proposes an alternative valuation methodology for non-marketed goods and services.

Financial Inclusion in Hooghly

The Reserve Bank of India has directed all banks to maintain "no-frills accounts" - a bank account at zero balance - for 100% fi nancial inclusion so as to include all households under the ambit of the formal fi nancial sector. This study conducted in 2008 in Hooghly district of West Bengal reveals that the scheme has been largely unsuccessful in the fi nancial inclusion of excluded categories such as the scheduled castes, scheduled tribes, Other Backward Classes and those who are less educated. The survey revealed that this scheme is ill-targeted and the benefi ts are reaped by the higher classes of society.
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