Eudaimonic happiness as a leading health indicator: cross-country European evidence

Leonardo Becchetti, Maria Jua Bachelet and Fabio Pisani

Applied Economics, 2020, vol. 52, issue 43, 4726-4744

Abstract: Eudaimonic happiness (measured in terms of sense of life) is a relatively unexplored subjective wellbeing indicator. The empirical findings presented in this paper show that it has a significant and quantitatively remarkable correlation with the future insurgence of some chronic diseases and the reduction of most functionalities in the ageing population. These results document that eudaimonic happiness is a relevant leading indicator of future health outcomes and expenditure and that its correlation is independent from that of the traditional life satisfaction measure.

Date: 2020
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DOI: 10.1080/00036846.2020.1740161

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