Main contributions of Maurizio Pugno:
– theoretical and empirical socio-psychological explanation of why happiness may not grow with income (set of articles and a book),
– theoretical proof that services can favour economic growth (article cited in international surveys),
– theoretical proof that the informal sector can be permanent and growth-reducing (set of articles with more than 300 citations),
– theoretical proof that BoP constrained growth model is dynamically stable (article selected for a celebration book).
Does growth of advanced economies lead to human development, i.e., the development of those capabilities that most distinguish human beings? Are improvements of well-being thus guaranteed? The half-century decline of well-being (both subjective and objective) in the United States suggests a pessimistic stance, aggravated by the recent pandemic and war. Well-being and Growth in Advanced Economies argues with theory and facts that economic growth can surprisingly bring ill-being to people because it erodes their Fundamental Human Development (FHD) when market…
The controversies on the relationship (or `gradient’) between GDP and subjective well-being oppose those who claim that the gradient is positive and stable around the world to those who argue that long-run trends of subjective well-being are flat despite economic growth. The possible existence of structural breaks of the gradient within the same country is a challenge to both views. By focusing on the case of Italy, we show that the long-run trends of GDP and of well-being turned from…
The rise and decline of the Italian economy over the past 60 years form a surprisingly regular parabola, if the main European partner economies are taken as benchmark, so that its vertex equal to 1 means that Italy completely caught-up Europe around the 1990s. This implies that, in order to repeat that experience of catching-up, Italy needs to grow at extraordinary rates, which are not on the horizon. The paper shows that the Italians’ morale is even in worse conditions…
Understanding why many people spontaneously perform pro-environmental behaviours, rather than requiring some incentive, is an active area of research. We contribute to this research by relating intrinsic and extrinsic motivation in pursuing central goals in people’s lives, and specifically in looking for a job, to pro-environmental attitudes and engagements. Using an international sample, we find that intrinsic motivation relates positively and extrinsic motivation relates negatively to a variety of subjective pro-environmental outcomes. This result holds for different sub-samples and for various econometric specifications and methodologies. In particular, two-stage…
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