consists of the characteristics of the individuals belonging to his reference group. The vast literature about happiness … reference groups in SWB-models. In this paper we employ the reference-extended model for incorporating in happiness studies the … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …

Happiness research in economics takes reported subjective well-being as a proxy measure for utility and has already … provided many interesting insights about human well-being and its determinants. We argue that future research on happiness in … happiness, and illustrate them with two applications. First, reported subjective well-being can contribute towards a new …

We posit that feeling constrained impedes happiness. Under this view, utility and happiness maximization yield the same … optimal choices in a variety of standard economic decision problems, but utility and happiness can move in opposite directions … in response to exogenous shocks. Our theory (i) respects economists' and psychologists' notions of utility and happiness …

The nexus between income and happiness is very much disputed. Many cross-sectional studies see a positive relationship …, most longitudinal studies don't. Starting from the fact that the theoretical basis in happiness research has been … findings establish the income-satiation hypothesis of longitudinal studies also in cross-sectional perspective. -- Happiness …