enjoy the corresponding procedural utility. Utility is measured by individuals reported subjective well-being or happiness …

Cross-disciplinary 'happiness research' has made big progress in the measurement of individual welfare. This … development makes it tempting to pursue the old dream of maximizing aggregate happiness as a social welfare function. However, we … postulate that the appropriate approach is not to maximize aggregate happiness in seeking to improve outcomes by direct policy …

The measurement of individual happiness challenges the notion that revealed preferences only reliably and empirically … includes concepts like experience and procedural utility. Micro- and macroeconometric happiness functions offer new insights on … determinants of life satisfaction. However, one should not leap to the conclusion that happiness should be maximised, as was …

stimulus to the discourse on individual happiness. Recently this research has also been linked to economics where reported … of where the economic research on happiness stands and of three directions it might develop. First, it offers new ways … insights gained from the study of individual happiness in economics affect public policy. …

Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research … happiness research is able to contribute important insights for economics. We report how the economic variables income …, unemployment and inflation affect happiness as well as how institutional factors, in particular the type of democracy and the …

stimulus to the discourse on individual happiness. Recently this research has also been linked to economics where reported … of where the economic research on happiness stands and of three directions it might develop. First, it offers new ways … insights gained from the study of individual happiness in economics affect public policy. -- Economics ; happiness ; life …