Wellbeing & Macro

Economic growth is increasingly uncoupled from individual wellbeing. This means that boosting material gain does not translate to greater happiness, and that other aspects are crucial to ensuring quality of life.

Considering the significant advances in macroeconomic theory and computation, namely in the realm of heterogeneous agents, is it possible to better represent individual needs and motivations inside policy-defining models? If so, how does the wellbeing of individuals of varying wealth levels react to an economic shock?

This project was born out of my 2020 Master’s Thesis work, which was published in 2021 by the University of Oxford’s Social Macroeconomics series.