Brookings Institution

The Paradox of Unhappy Economic Growth: Is the U.S. An Outlier?

Typically, income is positively related to happiness and other well-being measures, even with diminishing returns. The relationship is weaker, but positive, when comparing within-country income changes with wellbeing changes. Yet new evidence suggests that most subjective well-be...

Environmental and Ecological Fiscal Transfers in China: Design, Performance, and Lessons for Global Environmental Governance

This paper examines the design, implementation, and impact of intergovernmental fiscal transfers for environmental protection and ecological conservation in the People’s Republic of China. It provides a conceptual overview of conditional fiscal transfers, distinguishing between t...