From full life to balanced life: Extending Martin Seligman's route to happiness
AbstractIn this paper, a formalization of Martin Seligman's concept of full life is presented by employing basic microeconomics. With the formalized version of the concept, it can be explained why people differ with respect to the levels of pleasant, engaged and meaningful life they are trying to realize. Moreover, it is suggested to extend Seligman's concept of full life to the concept of balanced life. This extension requires that in addition to differences in people's preferences regarding aspects of life also differences in the time opportunity costs are to be taken into account. Finally, a scorecard-approach is proposed to track personal advancement in the process of life balancing. --
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Bibliographic InfoPaper provided by Center of Applied Economic Research Münster (CAWM), University of Münster in its series CAWM Discussion Papers with number 17.
Date of creation: 2009
Date of revision:
full life; happiness; allocation of time;
Find related papers by JEL classification:
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- D69 - Microeconomics - - Welfare Economics - - - Other
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
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