The Economics of Happiness

Milena Nikolova, Carol Graham

OnderzoeksoutputAcademicpeer review


Welfare and well-being have traditionally been gauged by using income and employment statistics, life expectancy, and other objective measures. The Economics of Happiness, which is based on people’s reports of how their lives are going, provides a complementary yet radically different approach to studying human well-being. Typically, subjective well-being measures include positive and negative feelings (e.g., momentary experiences of happiness or stress), life evaluations (e.g., life satisfaction), and feelings of having a life purpose. Both businesses and policymakers now increasingly make decisions and craft policies based on such measures. This chapter provides an overview of the happiness economics approach and outlines the promises and pitfalls of subjective well-being measures.
Originele taal-2English
TitelHandbook of Labor, Human Resources and Population Economics
RedacteurenKlaus F. Zimmermann
Plaats van productieCham
UitgeverijSpringer International Publishing
Aantal pagina's33
ISBN van elektronische versie978-3-319-57365-6
StatusPublished - 8-dec-2020

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