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Happiness Economics: The Social Nature Of Human Happiness

Author

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  • Teodor Sedlarski

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

Abstract

This article analyses the social factors for the perceived human happiness in the framework of the modern research field of happiness economics. The impact of rising expectations on subjective well-being, the role of the social status competition and relative income, as well as of socially accepted consumption levels and hedonic adaptation on declared life satisfaction are being explored from the perspective of economic theory. Implications for key economic policy goals are drawn with respect to growth, inequality, procedural fairness and possibilities for upward social mobility.

Suggested Citation

  • Teodor Sedlarski, 2018. "Happiness Economics: The Social Nature Of Human Happiness," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 15(1), pages 173-205, June.
    • Handle: RePEc:sko:yrbook:v:15:y:2018:i:1:p:173-205
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    File URL: http://www.feba.uni-sofia.bg/sko/yrbook/Yearbook15-10.pdf
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    Citations

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    Cited by:

    1. Liluo Gan & Yumei Jiang, 2022. "Does Participating in Physical Exercise Make Chinese Residents Happier?—Empirical Research Based on 2018 Chinese General Social Survey," IJERPH, MDPI, vol. 19(19), pages 1-13, October.
    2. Vladimir Zhechev & Daniela Sekulova, 2024. "Potential Effects of Instagram Usage on Conspicuous Consumption of Premium Luxurious Fashion Products among Bulgarians," Central European Business Review, Prague University of Economics and Business, vol. 2024(2), pages 1-25.

    More about this item

    Keywords

    reported happiness relative income; conspicuous consumption; social status; positional goods; status competition; subjective well-being.;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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