Online citations, reference lists, and bibliographies.
Please confirm you are human
(Sign Up for free to never see this)
← Back to Search

Measuring Happiness: The Economics Of Well-Being

J. Weimann, A. Knabe, R. Schoeb
Published 2015 · Economics

Save to my Library
Download PDF
Analyze on Scholarcy
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.

This paper is referenced by
The Positive Project Team - The Impact of Positive Affectivity on Project Success.
Hafdís Huld Björnsdóttir (2015)
The Thrill of Creative Effort at Work: An Empirical Study on Work, Creative Effort and Well-Being
Arie Sherman (2018)
Adaptation, Taxation, and Public Goods
T. Aronsson (2014)
Which formula for national happiness
C. Tofallis (2020)
A Glance into the Tunnel: Experimental Evidence on Income Comparisons Under Uncertainty
H. Lang (2015)
How Job Changes Affect People's Lives – Evidence from Subjective Well-Being Data
A. Chadi (2020)
Homeownership and happiness in urban China
E. Fong (2020)
Subjective Well-Being, Transnational Families and Social Integration of Married Immigrants in Italy
M. Carella (2020)
Ignoring Easterlin: Why Easterlin’s Correlation Findings Need Not Matter to Public Policy
Gil Hersch (2018)
Revisiting the evidence for cardinal treatment of ordinal variables
Carsten S. Schröder (2017)
What are the opportunities for future happiness research?
B. Frey (2020)
Geld und Glück – Erkenntnisse aus der ökonomischen Zufriedenheitsforschung
A. Knabe (2017)
Spatial influences on domains of life satisfaction in the UK
C. Hand (2020)
Everybody Wants to Belong: Comparing the Relative Impact of Social Capital on Happiness at an International Level
Elana Lambert (2017)
Happiness and Alleviation of Income Poverty
Kelly Kilburn (2016)
How Job Changes Affect People's Lives – Evidence from Subjective Well-Being Data
A. Chadi (2015)
Elevated Uncertainty during the Financial Crisis: Do Effects on Subjective Well-Being Differ across European Countries?
Lena Tonzer (2019)
Mikroökonomie heute: ihre Bedeutung im Konzert der Methoden
J. Weimann (2019)
The Magic of the New: How Job Changes Affect Job Satisfaction
A. Chadi (2014)
What Makes Artists Happy in South Korea? An Empirical Study on Artists’ Job Satisfaction
Y. Kang (2019)
Revisiting the Evidence for a Cardinal Treatment of Ordinal Variables
Carsten S. Schröder (2015)
Happiness and Alleviation of Income Poverty: Impacts of an unconditional cash transfer programme using a subjective well-being approach
Kelly Kilburn (2016)
Donors After Circulatory Death: Theme of Present or a Future? The Research in West Poland.
Edyta Skwirczyńska (2019)
Workplace happiness: work engagement, career satisfaction, and subjective well-being
B. Joo (2017)
Psychometric Evidence of the Diener's Satisfaction with Life Scale in Peruvian Elderly
T. Caycho-Rodríguez (2018)
Worries across time and age in the German Socio-Economic Panel study
Julia M Rohrer (2018)
Media use and life satisfaction: the moderating role of social events
Bartosz Wilczek (2018)
Habit Formation and the Pareto-Efficient Provision of Public Goods
Thomas Aronsson (2017)
Happiness Can Be Measured
B. S. Frey (2018)
On the Role of Personal Values and Philosophy of Life in Happiness Technology
Arie Sherman (2020)
Dissatisfied with Life or with Being Interviewed? Happiness and Motivation to Participate in a Survey
A. Chadi (2014)
Government Expenditure and Happiness: Direct and Indirect Effects
Tung K. Dao (2017)
See more
Semantic Scholar Logo Some data provided by SemanticScholar