Are Happy People Ethical People? Evidence from North America and Europe
AbstractThis paper contributes to the growing literature on happiness research by examining whether happiness affects the ethical decisions of individuals. First, a recursive model of ethical decision making is developed in which an agent's utility is assumed to be a function of money, ethical decisions, and happiness, where happiness is defined as the agent's utility obtained at the end of the previous period. Second, the model is tested using data from North American and European respondents in the 1995-1997 wave of the World Values Survey. The findings suggest that happiness affects ethical judgments consistent with the recursive model.
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0303004.
Length: 24 pages
Date of creation: 12 Mar 2003
Date of revision:
Note: Type of Document - Microsoft Word 2000; prepared on IBM PC ; to print on HP; pages: 24; figures: included
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Happiness economics; ethics; utility theory;
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D99 - Microeconomics - - Intertemporal Choice and Growth - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-03-19 (All new papers)
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