How do we assess how happy we are? One theory is that we compare life-as-it-is with standards of how-life-should-be. In this view, happiness emerges from a cognitive evaluation that draws on socially constructed standard of the good life. Another theory holds that we rather infer happiness on...

There are many qualms about subjective indicators, and some people believe that social policy should better not use them. This paper consists of a review of these objections. It is argued that policy makers need subjective indicators for the following reasons: 1. Social policy is never limited...