Economists will meet to decide global benchmark for happiness

London, May 30 | Updated: May 31 2007, 05:30am hrs
As countries try to outdo each other in terms of development numbers, a congregation of worlds renowned economists, including India-born Nobel laureate Amartya Sen and representatives of World Bank and United Nations, are devising a benchmark to measure human happiness.

British think-tank Oxford Poverty and Human Development Initiative (OPHI) today kicked off a three-day event at the University of Oxford to decide on a revolutionary well-being or happiness index.

Following completion, the study will allow people to compare their happiness with not only their fellow countrymen, but also with those across the entire world.