Do firms in happier places invest more?
May 13, 2015,
Economists—and other social scientists—are now using a burgeoning body of research to explore the effects of well-being on individuals’ attitudes about and investments in the future. But does any of this have relevance for the business world? Carol Graham and Tuugi Chuluun find that firms located in areas with higher levels of average happiness had higher levels of investment, especially investment in research and development (R&D).