Happiness Economics How To Measure Growth And Welfare

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Happiness economics. How to measure growth and welfare?

Author : Samira Penner
Publisher : GRIN Verlag
ISBN 13 : 3668657408
Total Pages : 33 pages
Book Rating : 4.6/5 (686 download)

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Book Synopsis Happiness economics. How to measure growth and welfare? by : Samira Penner

Download or read book Happiness economics. How to measure growth and welfare? written by Samira Penner and published by GRIN Verlag. This book was released on 2018-03-12 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Author : Joachim Weimann
Publisher : MIT Press
ISBN 13 : 0262028441
Total Pages : 223 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Measuring Happiness by : Joachim Weimann

Download or read book Measuring Happiness written by Joachim Weimann and published by MIT Press. This book was released on 2015-02-06 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. --

Measuring Happiness

Author : Joachim Weimann
Publisher : MIT Press
ISBN 13 : 0262323729
Total Pages : 224 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Measuring Happiness by : Joachim Weimann

Download or read book Measuring Happiness written by Joachim Weimann and published by MIT Press. This book was released on 2015-02-06 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 and Economics

Author : Bruno S. Frey
Publisher : Princeton University Press
ISBN 13 : 1400829267
Total Pages : 233 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Happiness and Economics by : Bruno S. Frey

Download or read book Happiness and Economics written by Bruno S. Frey and published by Princeton University Press. This book was released on 2010-11-16 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Politics

Author : Amitava Krishna Dutt
Publisher : Edward Elgar Publishing
ISBN 13 : 1849801975
Total Pages : 373 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis Happiness, Economics and Politics by : Amitava Krishna Dutt

Download or read book Happiness, Economics and Politics written by Amitava Krishna Dutt and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Happiness, Economics and Public Policy

Author : Helen Johns (M. Sc.)
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Happiness, Economics and Public Policy by : Helen Johns (M. Sc.)

Download or read book Happiness, Economics and Public Policy written by Helen Johns (M. Sc.) and published by . This book was released on 2007 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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, Economics and Public Policy

Author : Helen Johns
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Happiness, Economics and Public Policy by : Helen Johns

Download or read book Happiness, Economics and Public Policy written by Helen Johns and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Economics of Happiness

Author : Bruno S. Frey
Publisher : Springer
ISBN 13 : 3319758071
Total Pages : 75 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Economics of Happiness by : Bruno S. Frey

Download or read book Economics of Happiness written by Bruno S. Frey and published by Springer. This book was released on 2018-02-26 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on what makes people happy. The author explains methods for measuring subjective life satisfaction and well-being by discussing economic and sociodemographic factors, as well as the psychological, cultural and political dimensions of personal happiness. Does higher income increase happiness? Are people in rich countries, such as the United States, the United Kingdom and Scandinavian countries, happier than those living elsewhere? Does losing one’s job make one unhappy? What is the role of genetic endowments inherited from our parents? How important are physical and emotional health to subjective life satisfaction? Do older people tend to be happier, or younger people? Are close social relationships necessary for happiness? Do political conditions, such as respect for human rights, democracy and autonomy, play a part? How can governments contribute to the population’s happiness? This book answers these questions on the basis of extensive interdisciplinary research reflecting the current state of knowledge. The book will appeal to anyone interested in learning more about the various dimensions of personal well-being beyond the happiness-prosperity connection, as well as to policymakers looking for guidance on how to improve happiness in societies.

The Economics of Happiness

Author : Mariano Rojas
Publisher : Springer Nature
ISBN 13 : 3030158357
Total Pages : 489 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis The Economics of Happiness by : Mariano Rojas

Download or read book The Economics of Happiness written by Mariano Rojas and published by Springer Nature. This book was released on 2019-09-13 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Happiness and Economic Growth

Author : Andrew Clark
Publisher : Studies of Policy Reform
ISBN 13 : 0198723652
Total Pages : 305 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Happiness and Economic Growth by : Andrew Clark

Download or read book Happiness and Economic Growth written by Andrew Clark and published by Studies of Policy Reform. This book was released on 2014 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

A Modern Guide to the Economics of Happiness

Author : Luigino Bruni
Publisher : Edward Elgar Publishing
ISBN 13 : 1788978765
Total Pages : 328 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis A Modern Guide to the Economics of Happiness by : Luigino Bruni

Download or read book A Modern Guide to the Economics of Happiness written by Luigino Bruni and published by Edward Elgar Publishing. This book was released on 2021-01-29 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the modern approach to the economics of happiness, which came about with the Easterlin Paradox, this book analyses and assesses the idea that as a country gets richer the happiness of its citizens remains the same. The book moves through three distinct pillars of study in the field: first analysing the historical and philosophical foundations of the debate; then the methodological and measurements issues and their political implications; and finally empirical applications and discussion about what determines a happy life.

Human Well-Being

Author : M. McGillivray
Publisher : Springer
ISBN 13 : 0230625606
Total Pages : 308 pages
Book Rating : 4.2/5 (36 download)

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Book Synopsis Human Well-Being by : M. McGillivray

Download or read book Human Well-Being written by M. McGillivray and published by Springer. This book was released on 2006-11-28 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Handbook on the Economics of Happiness

Author : L. Bruni
Publisher : Edward Elgar Publishing
ISBN 13 : 1847204155
Total Pages : 635 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Handbook on the Economics of Happiness by : L. Bruni

Download or read book Handbook on the Economics of Happiness written by L. Bruni and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 635 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Wellbeing of Nations

Author : Paul Allin
Publisher : John Wiley & Sons
ISBN 13 : 1118916204
Total Pages : 234 pages
Book Rating : 4.1/5 (189 download)

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Book Synopsis The Wellbeing of Nations by : Paul Allin

Download or read book The Wellbeing of Nations written by Paul Allin and published by John Wiley & Sons. This book was released on 2014-07-14 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Economics of Happiness

Author : Mark Anielski
Publisher : New Society Publishers
ISBN 13 : 1550923412
Total Pages : 288 pages
Book Rating : 4.5/5 (59 download)

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Book Synopsis The Economics of Happiness by : Mark Anielski

Download or read book The Economics of Happiness written by Mark Anielski and published by New Society Publishers. This book was released on 2009-03-01 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical solutions for building economies of well-being based on Genuine Wealth.

The Macroeconomics of Happiness

Author : Rafael Di Tella
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Macroeconomics of Happiness by : Rafael Di Tella

Download or read book The Macroeconomics of Happiness written by Rafael Di Tella and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Measuring Economic Welfare: What and How?

Author : Mr.Marshall B Reinsdorf
Publisher : International Monetary Fund
ISBN 13 : 1513544586
Total Pages : 49 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Measuring Economic Welfare: What and How? by : Mr.Marshall B Reinsdorf

Download or read book Measuring Economic Welfare: What and How? written by Mr.Marshall B Reinsdorf and published by International Monetary Fund. This book was released on 2020-05-18 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Calls for a more people-focused approach to statistics on economic performance, and concerns about inequality, environmental impacts, and effects of digitalization have put welfare at the top of the measurement agenda. This paper argues that economic welfare is a narrower concept than well-being. The new focus implies a need to prioritize filling data gaps involving the economic welfare indicators of the System of National Accounts 2008 (SNA) and improving their quality, including the quality of the consumption price indexes. Development of distributional indicators of income, consumption, and wealth should also be a priority. Definitions and assumptions can have big effects on these indicators and should be documented. Concerns have also arisen over potentially overlooked welfare growth from the emergence of the digital economy. However, the concern that free online platforms are missing from nominal GDP is incorrect. Also, many of the welfare effects of digitalization require complementary indicators, either because they are conceptually outside the boundary of GDP or impossible to quantify without making uncertain assumptions.