Arts and Happiness

Lasse Steiner ()
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Lasse Steiner: CREMA – Center for Research in Management, Economics and the Arts

Chapter Chapter 18 in Advances in Happiness Research, 2016, pp 325-337 from Springer

Abstract: Abstract This chapter discusses public policy considerations in the cultural sector and addresses the problems of measuring the value of art and culture. I consider two possible ways to combine cultural economics with happiness research, to measure potential benefits from culture and the arts. Firstly, I look at the supply side and discuss artists’ labor market choices. I show how the interdisciplinary approach established by modern happiness research enriches the neoclassical rational choice approach with procedural aspects of work. Secondly, I investigate the demand side and discuss how the life satisfaction approach can be used to measure the economic impact of hosting a European Capital of Culture. The effects of arts and culture on life satisfaction, on both the consumption and the production sides, have strong management and policy consequences and are relevant for society as a whole.

Keywords: Life Satisfaction; Cultural Institution; Cultural Event; Cultural Economic; Contingent Valuation Study (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:crechp:978-4-431-55753-1_18

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DOI: 10.1007/978-4-431-55753-1_18

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