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From full life to balanced life: Extending Martin Seligman's route to happiness

  • Prinz, Aloys
  • Bünger, Björn
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    In 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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    File URL: http://econstor.eu/bitstream/10419/51263/1/671602497.pdf
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    Paper provided by Center of Applied Economic Research Münster (CAWM), University of Münster in its series CAWM Discussion Papers with number 17.

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    Date of creation: 2009
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    Handle: RePEc:zbw:cawmdp:17
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    1. Duclos, J. & Gregoire, P., 1999. "Absolute and Relative Deprivation and the Measurement of Poverty," Papers 99/5, New South Wales - School of Economics.
    2. Bruce Headey, 2008. "Life Goals Matter to Happiness: A Revision of Set-Point Theory," Social Indicators Research, Springer, vol. 86(2), pages 213-231, April.
    3. Ariel Rodríguez & Pavlína Látková & Ya-Yen Sun, 2008. "The relationship between leisure and life satisfaction: application of activity and need theory," Social Indicators Research, Springer, vol. 86(1), pages 163-175, March.
    4. Yoshitaka Iwasaki, 2007. "Leisure and quality of life in an international and multicultural context: what are major pathways linking leisure to quality of life?," Social Indicators Research, Springer, vol. 82(2), pages 233-264, June.
    5. Daniel S. Hamermesh & Jungmin Lee, 2007. "Stressed Out on Four Continents: Time Crunch or Yuppie Kvetch?," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 374-383, May.
    6. Christopher Peterson & Nansook Park & Martin Seligman, 2005. "Orientations to happiness and life satisfaction: the full life versus the empty life," Journal of Happiness Studies, Springer, vol. 6(1), pages 25-41, 03.
    7. Kathleen Lloyd & Christopher Auld, 2002. "The Role of Leisure in Determining Quality of Life: Issues of Content and Measurement," Social Indicators Research, Springer, vol. 57(1), pages 43-71, January.
    8. Michael Rauscher, 1997. "Conspicuous consumption, economic growth, and taxation," Journal of Economics, Springer, vol. 66(1), pages 35-42, February.
    9. Jeremy Greenwood & Guillaume Vandenbroucke, 2005. "Hours Worked (Long-Run Trends)," Economie d'Avant Garde Research Reports 10, Economie d'Avant Garde.
    10. Yew-Kwang Ng, 1999. "Utility, informed preference, or happiness: Following Harsanyi's argument to its logical conclusion," Social Choice and Welfare, Springer, vol. 16(2), pages 197-216.
    11. Daniel Kahneman & Alan B. Krueger & David Schkade & Norbert Schwarz & Arthur Stone, 2004. "Toward National Well-Being Accounts," American Economic Review, American Economic Association, vol. 94(2), pages 429-434, May.
    12. Daniel Kahneman & Alan B. Krueger, 2006. "Developments in the Measurement of Subjective Well-Being," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 3-24, Winter.
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