Richard Layard discusses the extent to which misery is determined by mental illness, poverty or unemployment. Richard shows that mental illness is a much larger cause of misery than either poverty or unemployment. You can view the discussion paper here.
(Apologies for the moments in which Richard holds up the discussion paper, and various other things, to camera, only for most of it to be out of shot. You’ll just have to go and read them for yourself!…)
Other links mentioned in this video: