Advertisement

Happiness: Research and Policy Considerations

  • Bruno S. Frey
  • Jana Gallus
Part of the Creative Economy book series (CRE)

Abstract

Some years ago, not even social science professionals knew about the modern, empirically orientated research on happiness. The situation has changed dramatically since then. Happiness research belongs to the hottest subjects not only in economics but far beyond. This fact is revealed by the great interest young scholars pay to the new subject.

Keywords

Life Satisfaction Public Good Social Welfare Function European Monetary Union Gross National Product 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgments

We wish to thank the participants of the International ConferenceComparative Study on Happiness, held in October 2014 at EHESS, École des Hautes Études en Sciences Sociales, in Paris for their valuable feedback. In particular, we extend our gratitude to Professor Yagi and Professor Kawashima for their helpful comments.

References

  1. Alesina, A., Glaeser, E., & Sacerdote, B. (2005). Work and leisure in the United States and Europe: Why so different? In M. Gertler & K. Rogoff (Eds.), NBER macroeconomics annual 2005 (pp. 1–64). Cambridge, MA: MIT Press.Google Scholar
  2. Arrow, K. J. (1951). Social choice and individual values. New York: Wiley.Google Scholar
  3. Bentham, J. (1789). An introduction to the principles of morals and legislation. Oxford: Clarendon Press.CrossRefGoogle Scholar
  4. Brennan, G., & Buchanan, J. M. (1986). The reason of rules: Constitutional political economy. Cambridge, MA: Cambridge University Press.CrossRefGoogle Scholar
  5. Bruni, L. (2006). Civil happiness – Economics and human flourishing in historical perspective. Oxon: Routledge.Google Scholar
  6. Bruni, L., & Porta, P. L. (Eds.). (2007). Handbook on the economics of happiness. Cheltenham/Northampton: Edward Elgar.Google Scholar
  7. Buchanan, J. M., & Tullock, G. (1962). The calculus of consent. Logical foundations of constitutional democracy. Ann Arbor: University of Michigan Press.Google Scholar
  8. Carroll, N., Frijters, P., & Shields, M. A. (2009). Quantifying the costs of drought: New evidence from life satisfaction data. Journal of Population Economics, 22(2), 445–461.CrossRefGoogle Scholar
  9. Charles, K. K. (2004). Is retirement depressing? Labor force inactivity and psychological well-being in later life. In S. W. Polachek (Ed.), Accounting for worker well-being: Research in labor economics (Vol. 23, pp. 269–299). Amsterdam: Elsevier.CrossRefGoogle Scholar
  10. Christakis, N. A., & Fowler, J. H. (2011). Connected: the surprising power of our social networks and how they shape our lives. New York: Little, Brown & Co.Google Scholar
  11. Chrystal, K. A., & Mizen, P. D. (2003). Goodhart’s law: Its origins, meaning and implications for monetary policy. In D. Paul (Ed.), Central banking, monetary theory and practice: Essays in honour of Charles Goodhart (Vol. 1, pp. 221–243). Cheltenham/Northampton: Edward Elgar.Google Scholar
  12. Dafflon, B., & Rossi, S. (1999). Public accounting fudges towards Emu: A first empirical survey and some public choice considerations. Public Choice, 101(1–2), 59–84.CrossRefGoogle Scholar
  13. Diener, E. (1984). Subjective well-being. Psychological Bulletin, 95, 542–575.CrossRefGoogle Scholar
  14. Diener, E., (2005). Guidelines for national indicators of subjective well-being and ill-being. Urbana: University of Illinois at Urbana Champaign.Google Scholar
  15. Diener, E., & Biswas-Diener, R. (2008). Happiness: Unlocking the mysteries of psychological wealth. Malden: Blackwell.CrossRefGoogle Scholar
  16. Diener, E., Inglehart, R., & Tay L. (2012). The validity of life satisfaction measures. Social Indicators Research, in Press.Google Scholar
  17. Dolan, P., & Metcalfe, R. (2008). Comparing willingness-to-pay and subjective well-being in the context of non-market goods (Centre for Economic Performance Discussion Paper No. 0890). London: School of Economics.Google Scholar
  18. Dolan, P., Peasgood, T., & White, M. (2008). Do we really know what makes us happy? A review of the economic literature on the factors associated with subjective well-being. Journal of Economic Psychology, 29(1), 94–122.CrossRefGoogle Scholar
  19. Easterlin, R. A. (1974). Does economic growth improve the human lot? Some empirical evidence. In P. A. David & M. W. Reder (Eds.), Nations and households in economic growth: Essays in honour of Moses Abramowitz (pp. 89–125). New York: Academic.Google Scholar
  20. Easterlin, R. A. (Ed.). (2002). Happiness in economics. Cheltenham: Edward Elgar.Google Scholar
  21. Easterlin, R. A. (2010). Happiness, growth, and the life cycle. Oxford: Oxford University Press.Google Scholar
  22. Edgeworth, F. Y. (1881). Mathematical psychics: An essay on the application of mathematics to the moral sciences. London: Kegan Paul.Google Scholar
  23. Forte, F. (2001). The Maastricht “Excessive Deficit” rules and creative accounting. In R. Mudambi, P. Navarra, & G. Sobbrio (Eds.), Rules and reason. Cambridge: Cambridge University Press.Google Scholar
  24. Freeman, A. M., III. (2003). The measurement of environmental and resource values: Theory and methods. Washington, DC: Resources for the Future.Google Scholar
  25. Frey, B. S. (1983). Democratic economic policy. A theoretical introduction. Oxford: Martin Robertson.Google Scholar
  26. Frey, B. S. (2008). Happiness: A revolution in economics. Cambridge, MA: MIT Press.CrossRefGoogle Scholar
  27. Frey, B. S. (2011a). Peace, war and happiness: Bruder Klaus as well-being facilitator. International Journal of Wellbeing, 1(2), 226–234.CrossRefGoogle Scholar
  28. Frey, B. S. (2011b). Subjective well-being, politics and political economy. Swiss Journal of Economics and Statistics, 147(4), 397–415.Google Scholar
  29. Frey, B. S. (2012). Well-being and war. International Review of Economics, 59(4), 363–375.CrossRefGoogle Scholar
  30. Frey, B. S., & Gallus, J. (2012). Happiness policy and economic development. International Journal of Happiness and Development, 1(1), 102–111.CrossRefGoogle Scholar
  31. Frey, B.S., & Gallus, J. (2013). Political economy of happiness. Applied Economics, 45, 4205–4211.Google Scholar
  32. Frey, B. S., & Stutzer, A. (2000). Happiness, economy and institutions. Economic Journal, 110(466), 918–938.CrossRefGoogle Scholar
  33. Frey, B. S., & Stutzer, A. (2002a). What can economists learn from happiness research? Journal of Economic Literature, 40(2), 402–435.CrossRefGoogle Scholar
  34. Frey, B. S., & Stutzer, A. (2002b). Happiness and economics: How the economy and institutions affect well-being. Princeton/Oxford: Princeton University Press.Google Scholar
  35. Frey, B. S., & Stutzer, A. (2005). Happiness research: State and prospects. Review of Social Economy, 62(2), 207–228.CrossRefGoogle Scholar
  36. Frey, B. S., & Stutzer, A. (2006). Mispredicting utility and the political process. In E. J. McCaffery & J. Slemrod (Eds.), Behavioral public finance (pp. 113–140). New York: Russell Sage Foundation.Google Scholar
  37. Frey, B. S., & Stutzer, A. (2010). Happiness and public choice. Public Choice, 144(3–4), 557–573.CrossRefGoogle Scholar
  38. Frey, B. S., & Stutzer, A. (2012). The use of happiness research for public policy. Social Choice and Welfare, 38(4), 659–674.CrossRefGoogle Scholar
  39. Frey, B. S., & Stutzer, A. (2013). Recent developments in the economics of happiness. Cheltenham: Edward Elgar Publishing.CrossRefGoogle Scholar
  40. Frey, B. S., Benz, M., & Stutzer, A. (2004). Introducing procedural utility: Not only what, but also how matters. Journal of Institutional and Theoretical Economics, 160(3), 377–401.CrossRefGoogle Scholar
  41. Frey, B. S., Luechinger, S., & Stutzer, A. (2009). The life satisfaction approach to the value of public goods: The case of terrorism. Public Choice, 138(3–4), 317–345.CrossRefGoogle Scholar
  42. Frey, B. S., Luechinger, S., & Stutzer, A. (2010). The life satisfaction approach to environmental valuation. Annual Review of Resource Economics, 2, 139–160.CrossRefGoogle Scholar
  43. Gilbert, D. (2006). Stumbling on happiness. New York: Knopf.Google Scholar
  44. Goodhart, C. A. E. (1975). Money, information and uncertainty. London: Macmillan.Google Scholar
  45. Graham, C. L. (2011). The pursuit of happiness: An economy of well-being. Washington, DC: Brookings.Google Scholar
  46. Hammond, P. J. (1991). Interpersonal comparisons of utility: Why and how they are and should be made. In J. Elster & J. E. Roemer (Eds.), Interpersonal comparisons of well-being (pp. 200–254). Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  47. Hicks, J. R., & Allen, R. G. D. (1934). A reconsideration of the theory of value, I. Economica, 1, 52–75.CrossRefGoogle Scholar
  48. Huppert, F. A., Marks, N., Clark, A., Siegrist, J., Stutzer, A., Vittersø, J., & Wahrendorf, M. (2009). Measuring well-being across Europe: Description of the ESS well-being module and preliminary findings. Social Indicators Research, 91(3), 301–315.CrossRefGoogle Scholar
  49. Jameson, M. (1988). Practical guide to creative accounting. London: Kogan Page.Google Scholar
  50. Kahneman, D., & Knetsch, J. L. (1992). Valuing public goods: The purchase of moral satisfaction. Journal of Economics and Management, 22(1), 57–70.Google Scholar
  51. Kahneman, D., & Sugden, R. (2005). Experienced utility as a standard of policy evaluation. Environmental and Resource Economics, 32(1), 161–181.CrossRefGoogle Scholar
  52. Kahneman, D., Diener, E., & Schwarz, N. (Eds.). (1999). Well-being: The foundations of hedonic psychology. New York: Russell Sage Foundation.Google Scholar
  53. Kahneman, D., Krueger, A. B., Schkade, D. A., Schwarz, N., & Stone, A. A. (2004). Toward national well-being accounts. American Economic Review, 94(2), 429–434.CrossRefGoogle Scholar
  54. Lalive, R., & Stutzer, A. (2010). Approval of equal rights and gender differences in well-being. Journal of Population Economics, 23, 933–962.CrossRefGoogle Scholar
  55. Lane, R. E. (2000). The loss of happiness in market economies. New Haven/London: Yale University Press.Google Scholar
  56. Layard, R. (2005). Happiness: Lessons from a new science. New York: Penguin.Google Scholar
  57. Lucas, R. E. (1976). Econometric policy evaluation: A critique. In B. Karl & A. H. Meltzer (Eds.), The Phillips curve and labor markets (Carnegie-Rochester Conference Series on Public Policy, Vol. 1, pp. 19–46). New York: North-Holland.Google Scholar
  58. Luechinger, S. (2009). Valuing air quality using the life satisfaction approach. The Economic Journal, 119(536), 482–515.CrossRefGoogle Scholar
  59. Luechinger, S., & Raschky, P. A. (2009). Valuing flood disasters using the life satisfaction approach. Journal of Public Economics, 93(3–4), 620–633.CrossRefGoogle Scholar
  60. MacKerron, G. (2012). Happiness economics from 35000 feet. Journal of Economic Surveys, 26(4), 705–735.CrossRefGoogle Scholar
  61. McMahon, D. (2006). The pursuit of happiness: A history from the Greeks to the present. London: Allen Lane.Google Scholar
  62. Mueller, D. C. (1996). Constitutional democracy. New York: Oxford University Press.Google Scholar
  63. Mueller, D. C. (2003). Public choice III. Cambridge/New York/Melbourne: Cambridge University Press.CrossRefGoogle Scholar
  64. Olken, B. (2008). Direct democracy and local public goods: Evidence from a field experiment in Indonesia (Washington DC: NBER Working Paper No. 14123).Google Scholar
  65. Oreopoulos, P. (2007). Do dropouts drop out Too soon? Wealth, health, and happiness from compulsory schooling. Journal of Public Economics, 91(11–12), 2213–2229.CrossRefGoogle Scholar
  66. Oswald, A.J., & Proto, E., Sgroi D. (2006). Happiness and productivity (Bonn: IZA Discussion Paper 4645).Google Scholar
  67. Pezzini, S. (2005). The effect of women’s rights on women’s welfare: Evidence from a natural experiment. Economic Journal, 115(502), C208–C227.CrossRefGoogle Scholar
  68. Robbins, L. C. (1938). Interpersonal comparisons of utility: A comment. Economic Journal, 48, 635–641.CrossRefGoogle Scholar
  69. Royal Government of Bhutan. (2012). Wellbeing and happiness: A new development paradigm. Proposal to convene a two-year international expert working group to elaborate the details of the new paradigm. Draft: 8th Aug. http://www.sustainable.unimelb.edu.au/files/mssi/Bhutan_Proposal-International-Expert-Working-Group_2012-14.pdf. Last accessed 22 Jan 2013.
  70. Ryan, R. M., & Deci, E. L. (2001). On happiness and human potentials: A review of research on hedonic and eudaimonic well-being. Annual Review of Psychology, 52, 141–166.CrossRefGoogle Scholar
  71. Sen, A. K. (1970). Collective choice and social welfare. San Francisco: Holden-Day.Google Scholar
  72. Sen, A. K. (1999). Development as freedom. New York: Alfred Knopf.Google Scholar
  73. Slesnick, D. T. (1998). Empirical approaches to the measurement of welfare. Journal of Economic Literature, 36(4), 2108–2165.Google Scholar
  74. Stiglitz, J., Sen, A. K., Fitoussi, J. -P. (2009). Report by the Commission on the Measurement of Economic Performance and Social Progress. www.stiglitz-sen-fitoussi.fr.
  75. Stutzer, A., & Frey, B. S. (2010). Recent advances in the economics of individual subjective well-being. Social Research, 77(2), 679–714.Google Scholar
  76. Sugden, R. (2005). Correspondence of sentiments: An explanation of the pleasure of interaction. In L. Bruni & P. Pier Luigi (Eds.), Economics and happiness. Framing the analysis. Oxford: Oxford University Press.Google Scholar
  77. Theil, H. (1964). Optimal decision rules for government and industry. Amsterdam: North Holland.Google Scholar
  78. Tinbergen, J. (1956). Economic policy: Principles and design. Amsterdam: North Holland.Google Scholar
  79. van Praag, B. M. S. (1968). Individual welfare functions and consumer behavior – A theory of rational irrationality. Amsterdam: North-Holland.Google Scholar
  80. van Praag, B. M. S., & Baarsma, B. E. (2005). Using happiness surveys to value intangibles: The case of airport noise. Economic Journal, 115(500), 224–246.CrossRefGoogle Scholar
  81. Vanberg, V. J. (2005). Market and state: The perspective of constitutional political economy. Journal of Institutional Economics, 1(1), 23–49.CrossRefGoogle Scholar
  82. von Hagen, J., & Wolff, G. B. (2004). What do deficits tell us about debts? Empirical evidence on creative accounting with fiscal rules in the EU (Series 1: Studies of the Economic Research Centre. Discussion Paper No. 38), Deutsche Bundesbank.Google Scholar
  83. Walker, M. (2011). Happy-people-pills for all. International Journal of Wellbeing, 1, 127–148.CrossRefGoogle Scholar
  84. Welsch, H. (2006). Environment and happiness: Valuation of air pollution using life satisfaction data. Ecological Economics, 58(4), 801–813.CrossRefGoogle Scholar

Copyright information

© Springer Japan 2016

Authors and Affiliations

  1. 1.CREW (Center for Research in Economics and Well-Being) University of BaselBaselSwitzerland
  2. 2.CREMA – Center for Research in Economics, Management and the ArtsZurichSwitzerland
  3. 3.Kennedy SchoolHarvard UniversityCambridgeUSA

Personalised recommendations