Happiness And Economics
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Happiness And Economics
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Author : Bruno S. Frey
language : en
Publisher: Princeton University Press
Release Date : 2010-11-16
Happiness And Economics written by Bruno S. Frey and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-16 with Business & Economics categories.
Curiously, economists, whose discipline has much to do with human well-being, have shied away from factoring the study of happiness into their work. Happiness, they might say, is an ''unscientific'' concept. This is the first book to establish empirically the link between happiness and economics--and between happiness and democracy. Two respected economists, Bruno S. Frey and Alois Stutzer, integrate insights and findings from psychology, where attempts to measure quality of life are well-documented, as well as from sociology and political science. They demonstrate how micro- and macro-economic conditions in the form of income, unemployment, and inflation affect happiness. The research is centered on Switzerland, whose varying degrees of direct democracy from one canton to another, all within a single economy, allow for political effects to be isolated from economic effects. Not surprisingly, the authors confirm that unemployment and inflation nurture unhappiness. Their most striking revelation, however, is that the more developed the democratic institutions and the degree of local autonomy, the more satisfied people are with their lives. While such factors as rising income increase personal happiness only minimally, institutions that facilitate more individual involvement in politics (such as referendums) have a substantial effect. For countries such as the United States, where disillusionment with politics seems to be on the rise, such findings are especially significant. By applying econometrics to a real-world issue of general concern and yielding surprising results, Happiness and Economics promises to spark healthy debate over a wide range of the social sciences.
An Economist S Lessons On Happiness
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Author : Richard A. Easterlin
language : en
Publisher: Springer Nature
Release Date : 2021-03-01
An Economist S Lessons On Happiness written by Richard A. Easterlin and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-01 with Business & Economics categories.
Once called the “dismal science,” economics now offers prescriptions for improving people’s happiness. In this book Richard Easterlin, the “father of happiness economics,” draws on a half-century of his own research and that conducted by fellow economists and psychologists to answer in plain language questions like: Can happiness be measured? Will more money make me happier? What about finding a partner? Getting married? Having a baby? More exercise? Does religion help? Who is happier—women or men, young or old, rich or poor? How does happiness change as we go through different stages of life? Public policy is also in the mix: Can the government increase people’s happiness? Should the government increase their happiness? Which countries are the happiest and why? Does a country need to be rich to be happy? Does economic growth improve the human lot? Some of the answers are surprising (no, more money won’t do the trick; neither will economic growth; babies are a mixed blessing!), but they are all based on reason and well-vetted evidence from the fields of economics and psychology. In closing, Easterlin traces the genesis of the ongoing “Happiness Revolution” and considers its implications for people’s lives down the road.
Measuring Happiness
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Author : Joachim Weimann
language : en
Publisher: MIT Press
Release Date : 2015-02-06
Measuring Happiness written by Joachim Weimann and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-06 with Business & Economics categories.
Can money buy happiness? Is income a reliable measure for life satisfaction? In this book, three economists explore the happiness-prosperity connection, investigating how economists measure life satisfaction and well-being. --
The Pursuit Of Happiness
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Author : Carol Graham
language : en
Publisher: Brookings Institution Press
Release Date : 2012
The Pursuit Of Happiness written by Carol Graham and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.
In The Pursuit of Happiness, the latest addition to the Brookings FOCUS series, Carol Graham explores what we know about the determinants of happiness, acrossand within countries at different stages of development. She then takes a look at just what we can do with that new knowledge and clearly presents both the promise and thepotential pitfalls of injecting the "economics of happiness" into public policymaking. This burgeoning field, largely a product of collaboration between economists and psychologists, is gaining great currency worldwide. One of a handful of pioneers to studythis topic a mere decade ago, Graham is understandably excited about how far the concept has come and its possible utility in the future. The British, French, and Braziliangovernments already have introduced happiness metrics into their benchmarks of national progress, and the U.S. government could follow suit. But "happiness" as a yardstick to help measure a nation's well-being is still a relatively new approach, and many questions remain unanswered. The Pursuit of Happiness spotlights the innovative contributions of happiness research to the dismal science. But it also raises a cautionary note about the issues that stillneed to be addressed before policymakers can make best use of them. An effective definition of well-being that goes beyond measuring income —the Gross National Productapproach —could very well lead to improved understanding of poverty and economic welfare. But the question remains: how best to measure and quantify happiness? While scholars have developed rigorous measures of well-being that can be included in our statistics —as the British are already doing —to what degree should we use such metrics to shape and evaluate policy, particularly in assessing development outcomes? Graham considers a number of unanswered questions, such as whether policy should be more concerned with increasing day-to-day contentment or with providing greater opportunity to build a fulfilling life. Other issues include whether we care more about the happiness of today's citizens or that of future generations. Policies such as reducing our fiscal deficits or reforming our health care system, for example, typically require sacrificing current consumption and immediate well-being for better long-run outcomes. Another is whether policy should focus on reducing misery or raising general levels ofwell-being beyond their relatively high levels, in the same way that reducing poverty is only one choice among many objectives in our macroeconomic policy. Employing the new metrics without attention to these questions could produce mistakes that might undermine the long-term prospects for a truly meaningful economics of well-being. Despite this cautionary note, Graham points out that it is surely a positive development that some of our public attention is going to better understanding and enhancing the well-being of our citizens, rather than emphasizing the rootsof their divide.
Happiness Economics
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Author : Bernard M. S. van Praag
language : en
Publisher: Now Publishers Inc
Release Date : 2011
Happiness Economics written by Bernard M. S. van Praag and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
HAPPINESS ECONOMICS deals with the concept of happiness in economics. Most economists until recently were very suspicious about happiness economics and the common opinion was that happiness is not empirically measurable. Actually there is now a growing body of serious economists who are willing, either reluctantly or wholeheartedly, to include happiness economics as a part of economic science. For a better understanding of happiness economics, the authors examine the viewpoint of mainstream economics in the introduction. Section 2 starts by considering the methods of analysis in happiness economics. Section 3 considers life satisfaction (or happiness), section 4 considers domain satisfactions, section 5 returns to the ordinality-cardinality question, and Section 6 provides the link between domain satisfactions and satisfaction with life as a whole. Section 7 considers the work of the Leyden school that may be seen as a forerunner of modern happiness economics. Section 8 considers the effect of the individual's reference group on her or his happiness. Section 9 examines the influence of past events and the anticipated future on present life satisfaction. Section 10 deals with the effect of climate and more generally of the external environment on satisfaction. Section 11 considers the effect of inequality on individual happiness and considers happiness inequality per se. Section 12 considers how the vignette approach, so popular in marketing, can be applied in happiness economics. Section 13 delineates the significance of happiness economics for normative economics. And Section 14 draws some conclusions and discusses the relevance of the new findings for economic science and the social sciences in general.
Handbook On The Economics Of Happiness
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Author : L. Bruni
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01
Handbook On The Economics Of Happiness written by L. Bruni and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Business & Economics categories.
This book is a welcome consolidation and extension of the recent expanding debates on happiness and economics. Happiness and economics, as a new field for research, is now of pivotal interest particularly to welfare economists and psychologists.
Happiness
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Author : Bruno S. Frey
language : en
Publisher: MIT Press
Release Date : 2010-08-13
Happiness written by Bruno S. Frey and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-13 with Business & Economics categories.
A leading economist discusses the potential of happiness research (the quantification of well-being) to answer important questions that standard economics methods are unable to analyze. Revolutionary developments in economics are rare. The conservative bias of the field and its enshrined knowledge make it difficult to introduce new ideas not in line with received theory. Happiness research, however, has the potential to change economics substantially in the future. Its findings, which are gradually being taken into account in standard economics, can be considered revolutionary in three respects: the measurement of experienced utility using psychologists' tools for measuring subjective well-being; new insights into how human beings value goods and services and social conditions that include consideration of such non-material values as autonomy and social relations; and policy consequences of these new insights that suggest different ways for government to affect individual well-being. In Happiness, emphasizing empirical evidence rather than theoretical conjectures, Bruno Frey substantiates these three revolutionary claims for happiness research. After tracing the major developments of happiness research in economics and demonstrating that we have gained important new insights into how income, unemployment, inflation, and income demonstration affect well-being, Frey examines such wide-ranging topics as democracy and federalism, self-employment and volunteer work, marriage, terrorism, and watching television from the new perspective of happiness research. Turning to policy implications, Frey describes how government can provide the conditions for people to achieve well-being, arguing that a crucial role is played by adequate political institutions and decentralized decision making. Happiness demonstrates the achievements of the economic happiness revolution and points the way to future research.
The Economics Of Happiness
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Author : Mark Anielski
language : en
Publisher: New Society Publishers
Release Date : 2009-03-01
The Economics Of Happiness written by Mark Anielski and has been published by New Society Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-03-01 with Business & Economics categories.
Practical solutions for building economies of well-being based on Genuine Wealth.
The Happiness Equation
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Author : Nick Powdthavee
language : en
Publisher: Icon Books Ltd
Release Date : 2010-08-05
The Happiness Equation written by Nick Powdthavee and has been published by Icon Books Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-05 with Social Science categories.
Why is marriage worth £200,000 a year? Why will having children make you unhappy? Why does happiness from winning the lottery take two years to arrive? Why does time heal the pain of divorce or the death of a loved one – but not unemployment? Everybody wants to be happy. But how much happiness – precisely – will each life choice bring? Should I get married? Am I really going to feel happy about the career that I picked? How can we decide not only which choice is better for us, but how much it's better for us? The result of new, unique research, The Happiness Equation brings to a general readership for the first time the new science of happiness economics. It describes how we can measure emotional reactions to different life experiences and present them in ways we can relate to. How, for instance, monetary values can be put on things that can't be bought or sold in the market – such as marriage, friendship, even death – so that we can objectively rank them in order of preference. It also explains why some things matter more to our happiness than others (like why seeing friends is worth more than a Ferrari) while others are worth almost nothing (like sunny weather). Nick Powdthavee – whose work on happiness has been discussed on both the Undercover Economist and Freakanomics blogs – brings cutting-edge research on how we value our happiness to a general audience, with a style that wears its learning lightly and is a joy to read.
The Economics Of Happiness
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Author : Mariano Rojas
language : en
Publisher: Springer Nature
Release Date : 2019-09-13
The Economics Of Happiness written by Mariano Rojas and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-13 with Business & Economics categories.
This book presents a panoramic view of the implications from Richard Easterlin’s groundbreaking work on happiness and economics. Contributions in the book show the relevance of the Easterlin Paradox to main areas, such as the relationship between income and happiness, the relationship between economic growth and well-being, conceptions of progress and development, design and evaluation of policies for well-being, and the use of happiness research to address welfare economics issues. This book is unique in the sense that it gathers contributions from senior and top researchers in the economics of happiness, whom have played a central role in the consolidation of happiness economics, as well as promising young scholars, showing the current dynamism and consolidation of happiness economics.