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Innovativeness and Subjective Well-Being

  • Martin Binder


What are the effects of innovativeness on well-being? This paper argues that research on subjective well-being has progressed to a point where measures of subjective well-being (or: happiness) can usefully be employed to assess the welfare effects of innovative change. Based on a discussion of the prospects and pitfalls associated with subjective well-being as welfare measure and benchmark of societal progress, an argument is put forward as to why these measures are particularly well-suited in the context of innovative change. Empirically well-founded and with an explicit dynamic foundation, theories of subjective well-being allow for a nuanced and comprehensive assessment of the effects that innovativeness has on a society. Two evaluation rules, the “life domain evaluation principle” and the “welfare dynamics principle” are suggested to guide such normative assessment. Copyright Springer Science+Business Media B.V. 2013

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Article provided by Springer in its journal Social Indicators Research.

Volume (Year): 111 (2013)
Issue (Month): 2 (April)
Pages: 561-578

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Handle: RePEc:spr:soinre:v:111:y:2013:i:2:p:561-578
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