Happiness Economics How To Measure Growth And Welfare


Happiness Economics How To Measure Growth And Welfare
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Happiness Economics How To Measure Growth And Welfare


Happiness Economics How To Measure Growth And Welfare
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Author : Samira Penner
language : en
Publisher: GRIN Verlag
Release Date : 2018-03-12

Happiness Economics How To Measure Growth And Welfare written by Samira Penner and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-12 with Business & Economics categories.


Submitted Assignment from the year 2016 in the subject Economics - Other, grade: 2.0, University of applied sciences, Düsseldorf, course: Economics, language: English, abstract: Everybody wants to be happy. There is probably no other goal in life that commands such a high degree of consensus, because to most people, happiness is all they want and try to achieve. Thus, happiness has long been considered the ultimate human goal in life. Even Aristotle considered happiness the ultimate motive for all human action. In today’s consumer culture, this happiness is often pursued in the marketplace. Yet, economists have refused to deal with individuals’ happiness a long time but considered it to be an “unscientific” concept. However, in the past few years the situation has changed and economic science has experienced the introduction or reintroduction of individuals’ happiness into economics. While traditionally economics has almost exclusively focused on consumption, wealth and other monetary indicators to measure individuals’ well-being, it now more and more adopts the subjective notion of well-being to analyze how economic determinants such as income, wealth and employment as well as non-economic determinants such as personality traits and socio-demographic factors affect individuals’ utility and life satisfaction. Although Easterlin already examined correlations between economic growth and welfare and individual happiness, it still took about twenty years for the idea to take off. In the meantime, happiness research and economics has provided many interesting findings and insights. Today, there is a wide range of literature on the so-called happiness economics that analyses individuals’ well-being and its determinants.



Measuring Happiness


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.


An investigation of the happiness-prosperity connection and whether economists can measure well-being. Can money buy happiness? Is income a reliable measure for life satisfaction? In the West after World War II, happiness seemed inextricably connected to prosperity. Beginning in the 1960s, however, other values began to gain ground: peace, political participation, civil rights, environmentalism. “Happiness economics”—a somewhat incongruous-sounding branch of what has been called “the dismal science”—has taken up the puzzle of what makes people happy, conducting elaborate surveys in which people are asked to quantify their satisfaction with “life in general.” In this book, three economists explore the happiness-prosperity connection, investigating how economists measure life satisfaction and well-being. The authors examine the evolution of happiness research, considering the famous “Easterlin Paradox,” which found that people's average life satisfaction didn't seem to depend on their income. But they question whether happiness research can measure what needs to be measured. They argue that we should not assess people's well-being on a “happiness scale,” because that necessarily obscures true social progress. Instead, rising income should be understood as increasing opportunities and alleviating scarcity. Economic growth helps societies to sustain freedom and to finance social welfare programs. In this respect, high income may not buy happiness with life in general, but it gives individuals the opportunity to be healthier, better educated, better clothed, and better fed, to live longer, and to live well.



Happiness Economics And Public Policy


Happiness Economics And Public Policy
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Author : Helen Johns (M. Sc.)
language : en
Publisher:
Release Date : 2007

Happiness Economics And Public Policy written by Helen Johns (M. Sc.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.


This book contains commentaries by Samuel Brittan and Melanie Powell. In Happiness, Economics and Public Policy, Helen Johns and Paul Ormerod analyse the economic research that underlies politicians' growing preoccupation with measures of 'well-being'. In a lucid and compelling analysis, written for economists and non-economists alike, the authors find that happiness research cannot be used to justify government intervention in the way its proponents suggest.Those who wish governments to take into account measures of well-being when setting policy often point to the fact that increases in income have not led to increases in measured happiness, and thus governments should concentrate on redistribution and improving the quality of life, rather than on allowing people to benefit from economic growth.



Happiness And Economic Growth


Happiness And Economic Growth
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Author : Andrew Clark
language : en
Publisher: Studies of Policy Reform
Release Date : 2014

Happiness And Economic Growth written by Andrew Clark and has been published by Studies of Policy Reform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.


This title analyses the relationship between income and subjective well-being, and in particular in the context of developing countries. Several chapters focus on China and underline how the rise in unemployment and income inequality has undermined the well-being effects of economic development.



The Economics Of Happiness


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.



The Wellbeing Of Nations


The Wellbeing Of Nations
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Author : Paul Allin
language : en
Publisher: John Wiley & Sons
Release Date : 2014-07-14

The Wellbeing Of Nations written by Paul Allin and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-14 with Business & Economics categories.


What is national wellbeing and what is progress? Why measure these definitions? Why are measures beyond economic performance needed and how will they be used? How do we measure national wellbeing & turn the definitions into observable quantities? Where are we now and where to next? These questions are asked and answered in this much needed, timely book. The Wellbeing of Nations provides an accessible and comprehensive overview of the measurement of national well-being, examining whether national wellbeing is more than the sum of the wellbeing of everyone in the country, and identifying and reviewing requirements for new measures. It begins with definitions, describes how to operationalize those definitions, and takes a critical look at the uses to which such measures are to be put. The authors examine initiatives from around the world, using the UK ‘measuring national wellbeing programme’ as a case study throughout the book, along with case studies drawn from other countries, as well as discussion of the position in some countries not yet drawn into the national wellbeing scene.



Happiness And Economics


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.



Happiness Economics And Public Policy


Happiness Economics And Public Policy
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Author : Helen Johns
language : en
Publisher:
Release Date : 2009

Happiness Economics And Public Policy written by Helen Johns and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.


In a lucid and compelling analysis, written for economists and non-economists alike, the authors find that happiness research cannot be used to justify government intervention in the way its proponents suggest. Those who would wish governments to take into account measures of wellbeing when setting policy often point to the fact that increases in income have not lead to increases in measured happiness, and thus governments should concentrate on redistribution and improving the quality of life, rather than on allowing people to benefit from economic growth. In fact, measured happiness does not appear to be related to public spending, violent crime, property crime, sexual equality, disability, life expectancy or unemployment either. The stark fact is that the difficulties in measuring society's happiness are insurmountable, and policymakers should not claim that they can control and increase happiness through public policy decisions.



Happiness Economics And Politics


Happiness Economics And Politics
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Author : Amitava Krishna Dutt
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009-01-01

Happiness Economics And Politics written by Amitava Krishna Dutt 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 2009-01-01 with Business & Economics categories.


For those already drawn by the allure of happiness studies, Dutt and Radcliff here provide a rich tour of the frontier in the field. And for curmudgeons, this work goes far to defuse the skeptical reflex. It is subtle, intelligent, wide-ranging, informative and even readable throughout. James K. Galbraith, The University of Texas at Austin, US This timely and important book presents a unique study of happiness from both economic and political perspectives. It offers an overview of contemporary research on the emergent field of happiness studies and contains contributions by some of the leading figures in the field. General issues such as the history and conceptualization of happiness are explored, and the underpinning theories and empirics analyzed. The ways in which economic and political factors both separately and interactively affect the quality of human life are examined, illustrating the importance of a self-consciously multi-disciplinary approach to the field. In particular, the effects of consumption, income growth, inequality, discrimination, democracy, the nature of government policies, and labor organization on happiness are scrutinized. In conclusion, the contributors prescribe what can and should be done at individual and societal levels to improve human well-being and happiness. This wide-ranging and interdisciplinary book makes a unique contribution to the literature. As such, it will prove a fascinating read for students and scholars of economics, political science, psychology, sociology, and of course, to those with a special interest in the analysis of happiness and human well-being.



Human Well Being


Human Well Being
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Author : M. McGillivray
language : en
Publisher: Springer
Release Date : 2006-11-28

Human Well Being written by M. McGillivray and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-11-28 with Business & Economics categories.


This book provides insights into how human well-being could be better defined and empirically assessed. It takes stock of and reviews various concepts and measures and provides recommendations for future practice and research.