Economics of Happiness: Current Research and Discussion
Chinakova N. V. ()
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Chinakova N. V.: Новосибирский государственный университет
World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, 2016, vol. 16, issue 1, 101-115
Abstract:
The article analyzes the origin and development of the «economics of happiness», exploring how the subjective well-being depends on the income level. The paper presents various ways to measure of subjective well-being, the laws and relationships identified through an analysis opinion polls, presented the main conclusions obtained by different research teams. The centerpiece of the article covers the analysis of the debate around the Easterlin’s happiness-income paradox. The main purpose of the paper is to designate questions and discussion of current research topics in «economics of happiness», to identify gaps in approaches to research that gave rise to the debate around the happiness–income paradox. The main result is the identification of differences in the approaches to research that lead different groups of scientists to contradictory conclusions about the happinessincome relationship in the long term. The result can be used both in educational process and in research and development.
Keywords: economics of happiness; subjective well-being (SWB); ways to measure of subjective well-being; happiness–income paradox; relative income change effect. (search for similar items in EconPapers)
JEL-codes: I30 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nos:wjflnh:2016_1_09e
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