Posted on June 6, 2011

US Doesn’t Make Cut for Happiest Nations List

Michael B. Sauter et al., MSNBC, June 6, 2011

What makes people happy? The question, which has been debated by philosophers for centuries, now is being tackled by international bureaucrats and the results are interesting, to say the least.

24/7 Wall St. analyzed the new Organisation for Economic Co-operation and Development Better Life Index to objectively determine the happiest countries in the world. The Index is based on 11 measurements of quality of life including housing, income, jobs, community, education, the environment, health, work-life balance, and life satisfaction. We made “life satisfaction” the cornerstone of our index because it is as good a proxy for “happiness” as the survey provides. We then compared “life satisfaction” scores to the other measurements to find those economic and socio-political realities that had the highest and lowest correlation to happiness.

The happiest people in the developed world get loads of social services without having to work too hard. Having abundant natural resources, a thriving services sector and a fairly homogeneous population helps as well. The OECD study no doubt would have had different results had it included politically unstable countries in the Middle East or large emerging economies where political unrest threatens to bubble over such as China.

{snip}

Old, stable nations of northern Europe took five of the top 10 spots on our list. These include Finland, Sweden, the Netherlands, Norway, and Denmark. Switzerland is also on the list and has many characteristics in common with the Scandinavian countries. The resource-rich, English-speaking countries of Australia and Canada made the cut as well. Noticeably absent from the list are any OECD nations in Latin America, southern and eastern Europe and Asia. {snip}