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After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the...
Persistent link: https://www.econbiz.de/10011372500
After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the...
Persistent link: https://www.econbiz.de/10012754034
After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In we sketch the present status of happiness economics. In we consider the practical applicability of happiness economics, retaining the assumption of ordinal...
Persistent link: https://www.econbiz.de/10012716092
The goal of this paper is to provide a preliminary overview of empirical Capability Approach (CA) applications for high-income OECD countries. The survey aims at a basis of mutual exchange on relevant CA issues among researchers analyzing well-being in affluent countries. It focuses on CA...
Persistent link: https://www.econbiz.de/10009011367
This article comments on the role of empirical subjective well-being research in public policy within a constitutional, procedural perspective of government and state. It rejects the idea that, based on the promises of the measurement, we should adopt a new policy perspective that is oriented...
Persistent link: https://www.econbiz.de/10012118051
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...
Persistent link: https://www.econbiz.de/10014055391
Life satisfaction is increasingly recognised as a desirable individual outcome. Policy attention with respect to child well-being has focused on improving the financial position of families with children. Using Understanding Society I show that child life satisfaction is not associated with...
Persistent link: https://www.econbiz.de/10009570749
The measurement of individual happiness challenges the notion that revealed preferences only reliably and empirically reflect individual utility. Reported subjective well-being is a broader concept than traditional decision utility; it also includes concepts like experience and procedural...
Persistent link: https://www.econbiz.de/10014171078
Using data from the World Values Survey and the 2006 Gallup World Poll, we examined how individual well-being was related to societal perceptions relevant for peace. Across both datasets, happy people reported greater trust and confidence in the government. Moreover, this relation was moderated...
Persistent link: https://www.econbiz.de/10014144337
We propose that outcome utility and process utility can be distinguished and empirically measured. People gain procedural utility from participating in the political decision-making process itself, irrespective of the outcome. Nationals enjoy both outcome and process utility, while foreigners...
Persistent link: https://www.econbiz.de/10011398899