The trends and consequences of terrorist activities are often captured bycounting the number of incidents and casualties. More recently, the effects of terroristacts on various aspects of the economy have been analyzed. These costs aresurveyed and put in perspective. As economic consequences are...

This paper analyzes the causal relationships between marriage and subjective well-beingin a longitudinal data set spanning 17 years. We find evidence that happier singles opt more likelyfor marriage and that there are large differences in the benefits from marriage between couples.Potential, as...

People not only obtain utility from actual outcomes but also from the conditionswhich lead to these outcomes. The paper proposes an economic concept of this notion ofprocedural utility. Preferences beyond outcome can be manifold. We distinguish proceduralutility people get from institutions as...

This paper intends to provide an evaluation of where the economic research onhappiness stands and in which interesting directions it might develop...