Reported Subjective Well-Being: A Challenge for Economic Theory and Economic Policy
نویسندگان
چکیده
Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research. This paper argues that reported subjective well-being is a satisfactory empirical approximation to individual utility and endeavors to provide an impression of this new, and challenging, development. We study data from the German Socio-Economic Panel to better understand (i) the role of aspirations in the relationship between income and happiness and (ii) the effect of unemployment on people’s satisfaction with life. We discuss some of the consequences for economic policy and for economic theory. JEL classification: D60, I31, J60
منابع مشابه
Determinants of Subjective Well-Being; Do We Really Know What Makes People Happy? : A Study Among Rasht Dwellers as a Metropolis in North of Iran
Recently, along with traditional economic indicators, policymakers are increasingly dealing with subjective well-being (SWB) as an evaluation criterion of their performance and as an index for the population’s psychology health. This study tries to define different determinants of SWB with a focus on some specific aspects of the living area. Also, this article investigates outskirt-urban differ...
متن کاملEconomic Approaches to Understanding Change in Happiness
Economic Approaches to Understanding Change in Happiness Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people are not indifferent to adverse living conditions when reporting their subjective well-being as obser...
متن کاملAssociation between Heart Disease and Subjective Health in Ten North, Middle, and South American Countries
Introduction: This study was conducted to compare 10 American countries for the association between self-reported physician diagnosis of heart disease and subjective health above and beyond the effect of socio-economic factors. Methods: With a cross-sectional design, this study used data from Research on Early Life and Aging Trends and Effects (RELATE). T...
متن کاملChildren’s Subjective Well-being; Review on Definitions and Measures
Expended Abstract Introduction: Over the past decades there has been an increasing trend in research towards the children’s subjective well-being (SWB) as an important health and social policy issue. There are many scales for measuring SWB to the extent that selecting an appropriate scale among the available measures could still be regarded as a challenge. Given that measuring subjective well-...
متن کاملChildren’s Subjective Well-being; Review on Definitions and Measures
Expended Abstract Introduction: Over the past decades there has been an increasing trend in research towards the children’s subjective well-being (SWB) as an important health and social policy issue. There are many scales for measuring SWB to the extent that selecting an appropriate scale among the available measures could still be regarded as a challenge. Given that measuring subjective well-...
متن کامل