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individuals' self-determined "pursuit" of happiness. We suggest to substantiate what it means to "pursue" happiness, in particular … pursuit of happiness has interesting practical policy implications. -- subjective well-being ; happiness ; welfare economics …
Persistent link: https://www.econbiz.de/10009409381
Multidimensional welfare analysis has recently been revived by money-metric measures based on explicit fairness principles and the respect of individual preferences. To operationalize this approach, preference heterogeneity can be inferred from the observation of individual choices (revealed...
Persistent link: https://www.econbiz.de/10011709621
Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be "wasteful" in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being. This...
Persistent link: https://www.econbiz.de/10008809600
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011308432
Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010348918
Happiness is strongly associated with goal attainment, productivity, mental health and suicidal risk. This paper … greatest impact on happiness of men and women. The findings suggest that relative perceptions have a large statistically …'s happiness is more valued by female respondents. Satisfaction with household compared to personal income has a larger effect on …
Persistent link: https://www.econbiz.de/10012508051
best contender as the "maximand" in the contest, before the ladder‐of‐life question and felt happiness. Among the other …
Persistent link: https://www.econbiz.de/10011376247
Many politicians believe they can intervene in the economy to improve people's lives. But can they? In a social experiment carried out in the United Kingdom, extensive in-work support was randomly assigned among 16,000 disadvantaged people. We follow a sub-sample of 3,500 single parents for 5...
Persistent link: https://www.econbiz.de/10010246020
Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be wasteful in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being. This...
Persistent link: https://www.econbiz.de/10010286756
In this paper, we attempt to show why the importance of relational goods compared to conventional goods and status goods threatens to decline in contemporary societies. In our point of view, the development of the relative significance of these three types of goods is not a consequence of...
Persistent link: https://www.econbiz.de/10009356432