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What good is happiness?

Subtitle:
OPHI working paper no. 20
Abstract:

In this paper we examine whether, and how, welfare economics should incorporate some insights from happiness and satisfaction studies. Our main point, based on the principle of respecting the individuals’ judgments about their own lives, is that one should not focus on reported satisfaction levels but on the ordinal preferences reported by individuals over the various dimensions of life. We illustrate with data from the Russian Longitudinal Monitoring Survey (RLMS) how to retrieve this information from happiness surveys.

Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Authors


Marc Fleurbaey More by this author
Erik Schokkaert More by this author
Koen Decancq More by this author
Publisher:
Oxford Poverty & Human Development Initiative (OPHI) Publisher's website
Publication date:
2008
URN:
uuid:605eb191-81b8-4871-b2be-1fe819ea5ec7
Local pid:
ora:9408

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