Economics at your fingertips  

Modelling in happiness economics

Raluca Iorgulescu

Computational Methods in Social Sciences (CMSS), 2014, vol. 2, issue 1, 35-41

Abstract: In modern times, in the context of an increasingly quantitative approach to economics, welfare has been related mostly to an economic actor’s income. With increasing complexity in social and economic life, studies moving beyond the income approach to welfare enriched economic literature. Modelling the economic concept of ‘happiness’ is one of the new ways to design welfare policy. Even if it has been shown, using econometric techniques, that an accurate measurement of the true welfare effects is not possible, researchers estimated, for example, the income required for a typical individual in different countries to ascertain the same change, due to various events, in declared happiness as in welfare. This paper introduces the concept of happiness as one of the measures of well-being in economics and presents a brief survey of the literature on this topic.

Keywords: happiness economics; Easterlin paradox; welfare; well-being; model (search for similar items in EconPapers)
Date: 2014-06
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... _issue_1_art.004.pdf First version, 2014 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Computational Methods in Social Sciences (CMSS) is currently edited by Bogdan Oancea

More articles in Computational Methods in Social Sciences (CMSS) from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Stefan Ciucu ( this e-mail address is bad, please contact ).

Page updated 2021-01-29
Handle: RePEc:ntu:ntcmss:vol2-iss1-14-035