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Happiness Economics: Validity of subjective wellbeing measures and considerations for public policy

Lazaro Garcia, Miguel LU (2014) EKHM52 20141
Department of Economic History
Abstract
Happiness is a relatively new discipline within economics. Traditionally, economists have not paid too much attention to it since they considered that both indicators and theoretical assumptions in which this discipline was based were not neither reliable nor useful for policy recommendations. However, especially in the last decade, there has been extensive research which, if not proved, at least has provided enough arguments to believe that this discipline can be worthy for anyone interested in understanding what are the truly determinants that make people think they have a good life. This literature review emphasizes the validity, reliability and usefulness of happiness economics as a novel discipline to provide new insights in economics... (More)
Happiness is a relatively new discipline within economics. Traditionally, economists have not paid too much attention to it since they considered that both indicators and theoretical assumptions in which this discipline was based were not neither reliable nor useful for policy recommendations. However, especially in the last decade, there has been extensive research which, if not proved, at least has provided enough arguments to believe that this discipline can be worthy for anyone interested in understanding what are the truly determinants that make people think they have a good life. This literature review emphasizes the validity, reliability and usefulness of happiness economics as a novel discipline to provide new insights in economics research, especially in public policy decision-making. (Less)
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author
Lazaro Garcia, Miguel LU
supervisor
organization
course
EKHM52 20141
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Happiness economics, subjective wellbeing, personality traits, Easterlin Paradox, public policy
language
English
id
4538580
date added to LUP
2014-07-10 14:21:09
date last changed
2014-07-10 14:21:09
@misc{4538580,
  abstract     = {{Happiness is a relatively new discipline within economics. Traditionally, economists have not paid too much attention to it since they considered that both indicators and theoretical assumptions in which this discipline was based were not neither reliable nor useful for policy recommendations. However, especially in the last decade, there has been extensive research which, if not proved, at least has provided enough arguments to believe that this discipline can be worthy for anyone interested in understanding what are the truly determinants that make people think they have a good life. This literature review emphasizes the validity, reliability and usefulness of happiness economics as a novel discipline to provide new insights in economics research, especially in public policy decision-making.}},
  author       = {{Lazaro Garcia, Miguel}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Happiness Economics: Validity of subjective wellbeing measures and considerations for public policy}},
  year         = {{2014}},
}