The Economics of Happiness
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.
Year of publication: |
2020
|
---|---|
Authors: | Nikolova, Milena ; Graham, Carol |
Publisher: |
Essen : Global Labor Organization (GLO) |
Saved in:
freely available
Series: | GLO Discussion Paper ; 640 |
---|---|
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | 1728094356 [GVK] hdl:10419/223227 [Handle] RePEc:zbw:glodps:640 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10012263499
Saved in favorites
Similar items by person
-
Employment, late-life work, retirement, and well-being in Europe and the United States
Nikolova, Milena, (2014)
-
In transit : the well-being of migrants from transition and post-transition countries
Nikolova, Milena, (2015)
-
Graham, Carol, (2015)
- More ...