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Happiness Research: State and Prospects


Frey, Bruno S; Stutzer, Alois (2004). Happiness Research: State and Prospects. Working paper series / Institute for Empirical Research in Economics No. 190, University of Zurich.

Abstract

This paper intends to provide an evaluation of where the economic research on happiness stands and in which interesting directions it might develop. First, the current state of the research on happiness in economics is briefly discussed. We emphasize the potential of happiness research in testing competing theories of individual behavior. Second, the crucial issue of causality is taken up illustrating it for a particular case, namely whether marriagenmakes people happy or whether happy people get married. Third, happiness research is takennup as a new approach to measuring utility in the context of cost-benefit analysis.

Abstract

This paper intends to provide an evaluation of where the economic research on happiness stands and in which interesting directions it might develop. First, the current state of the research on happiness in economics is briefly discussed. We emphasize the potential of happiness research in testing competing theories of individual behavior. Second, the crucial issue of causality is taken up illustrating it for a particular case, namely whether marriagenmakes people happy or whether happy people get married. Third, happiness research is takennup as a new approach to measuring utility in the context of cost-benefit analysis.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
Dewey Decimal Classification:330 Economics
Language:English
Date:June 2004
Deposited On:29 Nov 2011 22:32
Last Modified:07 Dec 2017 10:09
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html

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