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Pursuing Happiness

Listed author(s):
  • Christian Schubert

While research on subjective well-being abounds, comparatively little thought has been given to its practical policy implications. Two approaches to derive policy advice have emerged in the literature: One is organized in terms of the idea to maximize a hedonic social welfare function, the other focuses on the design of constitutional rules to facilitate the individuals' self-determined 'pursuit' of happiness. We suggest to substantiate what it means to 'pursue' happiness, in particular by drawing upon a psychologically informed account of preference learning. If extended in this direction, a notion of the pursuit of happiness has interesting practical policy implications.

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Paper provided by Philipps University Marburg, Department of Geography in its series Papers on Economics and Evolution with number 2012-01.

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Length: 23 pages
Date of creation: 06 Jan 2012
Handle: RePEc:esi:evopap:2012-01
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Web page: http://www.uni-marburg.de/fb19/
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