Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research. We argue that reported subjective well-being is a satisfactory empirical approximation to individual utility and that happiness research is able to contribute important...

What makes people happy in life? This crucial question has the potential to shake up economics. In recent years, dissatisfaction with the understanding of welfare in economics and new opportunities for empirical study of people's subjective well-being have spurred impressive and stimulating new...

Die Glücksforschung ist mittlerweilen nicht mehr "nur" unter Philosophen, Psychologen und Neurobiologen ein Thema. Auch Ökonomen beschäftigen sich heute mit der Frage, was uns Menschen wirklich glücklich macht, und erweitern mit ihren Forschungsarbeiten die Standardökonomie auf...

Reviews of the new approach. What can economists learn from happiness research? / Bruno S. Frey and Alois Stutzer -- Developments in the measurement of subjective well-being / Daniel Kahneman and Alan B. Krueger -- Hedonic psychology and the ambiguities of "welfare" / Mark Kelman -- Economic...