Carol Graham

The Brookings Institution and University of Maryland, USA, and IZA, Germany

I hope that research based on the intersection of economics and well-being research can shed some insights into important questions about labor market flexibility, the fiscal sustainability of pension systems, and public welfare more generally. It is an exciting new area of research which has direct relevance to policy in countries around the world

IZA World of Labor role

Author, Topic spokesperson

Current position

Leo Pasvolsky Senior Fellow, Global Economy and Development Program, The Brookings Institution; College Park Professor, School of Public Policy, University of Maryland, USA

Research interest

Poverty, inequality, public health, novel measures of well-being

Positions/functions as a policy advisor

Special Advisor to the Deputy Managing Director, International Monetary Fund, Fall, 2001; Special Advisor to the Executive Vice President, Inter-American Development Bank, 1997–1998

Past positions

Professor, School of Public Policy, University of Maryland; Visiting Professor, Department of Economics, Johns Hopkins University, USA


DPhil Concentration: Economic Development/Political Economy/Latin America, Oxford University, 1989

Selected publications

  • Happiness around the World: The Paradox of Happy Peasants and Miserable Millionaires. Oxford: Oxford University Press, 2009.

  • The Pursuit of Happiness: An Economy of Well-Being. Washington, DC: The Brookings Institution Press, 2011.

  • “Does more money make you happier? Why so much debate?” Applied Research in Quality of Life 6:3 (2011).

  • “Adaptation amidst prosperity and adversity: Insights from happiness studies from around the world.” World Bank Research Observer 26:1 (2011).

  • “Happiness and health: Lessons and questions for public policy.” Health Affairs 27:1 (2008).