Money doesnt necessarily affect happiness negatively or positively, says expert

February 25th, 2009 - 4:38 pm ICT by ANI  

Washington, Feb 25 (ANI): They say that money cant buy happiness, and so believed Lord Professor Richard Layard, who has said that wealth may not necessarily affect a persons well-being negatively or positively.

According to Layard, the ultimate aim of public policy is to make people happier, and he will be sharing his views on in the ”Recession: health and happiness” event February 26.

Layard will address issues such as the impact of ”welfare to work” programmes, and will feature the evidence looking at how positive experiences can help prevent the most negative effects of unemployment.

He will be speaking at the first of three events organised by the Economic and Social Research Council as part of the Festival of Social Science.

Economist and journalist, Evan Davies, of BBC Radio Fours Today programme and Dragons Den, will chair the event.

Attendees will also hear from Professor Mel Bartley of UCL’’s Department of Public Health, whose work has included research on health inequalities.

Owing to the present recession, 16 percent of working age men were already permanently sick, in contrast to 1980 when it was 8 percent.

Thus, Bartley will discuss how the effects of the recession vary widely between socio-demographic groups and considers evidence that the health effects seem to be worse for younger people.

Bartley’’s research shows that stability in work impacts positively on health and well-being.

Also speaking at the event will be Professor Andrew Oswald, Professor of Economics at Warwick University, who recently reviewed the evidence on the main influences on the psychological well-being of individuals and nations, and discusses to what extent economic growth improves psychological well-being or happiness.

The event will provide an opportunity to participate in the discussion regarding the social issues that will arise in the coming months as a consequence of the global economic crisis. (ANI)

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