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Economics of Happiness: Current Research and Discussion

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  • Chinakova N. V.

    (Новосибирский государственный университет)

Abstract

The article analyzes the origin and development of the «economics of happiness», exploring how the subjective well-being depends on the income level. The paper presents various ways to measure of subjective well-being, the laws and relationships identified through an analysis opinion polls, presented the main conclusions obtained by different research teams. The centerpiece of the article covers the analysis of the debate around the Easterlin’s happiness-income paradox. The main purpose of the paper is to designate questions and discussion of current research topics in «economics of happiness», to identify gaps in approaches to research that gave rise to the debate around the happiness–income paradox. The main result is the identification of differences in the approaches to research that lead different groups of scientists to contradictory conclusions about the happinessincome relationship in the long term. The result can be used both in educational process and in research and development.

Suggested Citation

  • Chinakova N. V., 2016. "Economics of Happiness: Current Research and Discussion," World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, Socionet, vol. 16(1), pages 101-115.
    • Handle: RePEc:nos:wjflnh:2016_1_09e
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    File URL: http://www.nsu.ru/rs/mw/link/Media:/49783/09.pdf
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    References listed on IDEAS

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    1. repec:hal:spmain:info:hdl:2441/7fst0pcf5j8cr99e1nuobt97rn is not listed on IDEAS
    2. Sergei Guriev & Ekaterina Zhuravskaya, 2009. "(Un)happiness in Transition," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 143-168, Spring.
    3. repec:pri:cepsud:125krueger is not listed on IDEAS
    4. Daniel Kahneman & Alan B. Krueger & David Schkade & Norbert Schwarz & Arthur A. Stone, 2006. "Would You Be Happier If You Were Richer? A Focusing Illusion," Working Papers 77, Princeton University, Department of Economics, Center for Economic Policy Studies..
    5. Easterlin, Richard A., 1974. "Does Economic Growth Improve the Human Lot? Some Empirical Evidence," MPRA Paper 111773, University Library of Munich, Germany.
    6. Daniel Kahneman & Alan B. Krueger & David Schkade & Norbert Schwarz & Arthur A. Stone, 2006. "Would You Be Happier If You Were Richer? A Focusing Illusion," Working Papers 77, Princeton University, Department of Economics, Center for Economic Policy Studies..
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economics of happiness; subjective well-being (SWB); ways to measure of subjective well-being; happiness–income paradox; relative income change effect.;
    All these keywords.

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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