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Economics of Happiness

Title: Economics of Happiness

Bachelor Thesis , 2016 , 33 Pages , Grade: 68% out of 100% (or 2.1)

Autor:in: Julius Matuzevicius (Author)

Economics - Other
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Summary Excerpt Details

The purpose of this thesis is to analyse and compare scientific research in the economics of happiness. This study field has expanded significantly over the last forty years and some wider conclusions need to be made.

This literature review looks in great detail at all concepts behind happiness and subjective well being, provides deeper understanding of GDP as a measure of welfare with issues around it and finally analyses ‘Easterlin Paradox’ and its updates.

Excerpt


Inhaltsverzeichnis (Table of Contents)

  • Chapter 1: Introduction
  • Chapter 2: Happiness
    • 2.1 Terms and definitions
    • 2.2 Measuring well-being
    • 2.3 Issues with measuring well-being
    • 2.4 Determinants of subjective well-being
  • Chapter 3: Beyond GDP
    • 3.1 Overview
    • 3.2 Flaws of GDP
    • 3.3 Defence of GDP as a measure of well-being
  • Chapter 4: Easterlin Paradox revised
    • 4.1 Original Easterlin Paradox
    • 4.2 Hagerty and Veenhoven critique
    • 4.3 Stevenson and Wolfers critique

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This dissertation aims to explore and analyze scientific research in the economics of happiness, a field that has expanded significantly over the past four decades. The study examines the concepts behind happiness and subjective well-being, provides a deeper understanding of GDP as a measure of welfare, and analyzes the 'Easterlin Paradox' and its updates.

  • The meaning and measurement of happiness and well-being
  • The limitations of GDP as a measure of welfare
  • The Easterlin Paradox and its implications for economic growth and happiness
  • Determinants of subjective well-being
  • Alternative measures of well-being

Zusammenfassung der Kapitel (Chapter Summaries)

Chapter 1 provides an introduction to the topic of the dissertation, outlining the purpose and scope of the study. Chapter 2 delves into the definition and measurement of happiness and subjective well-being, exploring various approaches and challenges. Chapter 3 examines the limitations of GDP as a measure of welfare, discussing its flaws and alternative indicators. Chapter 4 focuses on the Easterlin Paradox, analyzing its original formulation and subsequent critiques.

Schlüsselwörter (Keywords)

Key terms and concepts explored in this dissertation include happiness, subjective well-being, GDP, Easterlin Paradox, welfare economics, determinants of happiness, and alternative measures of well-being.

Excerpt out of 33 pages  - scroll top

Details

Title
Economics of Happiness
College
University of Strathclyde
Course
Economics
Grade
68% out of 100% (or 2.1)
Author
Julius Matuzevicius (Author)
Publication Year
2016
Pages
33
Catalog Number
V345087
ISBN (eBook)
9783668351431
ISBN (Book)
9783668351448
Language
English
Tags
economics easterlin paradox easterlin happiness subject well being gdp well being hagerty veenhoven stevenson wolfers
Product Safety
GRIN Publishing GmbH
Quote paper
Julius Matuzevicius (Author), 2016, Economics of Happiness, Munich, GRIN Verlag, https://www.grin.com/document/345087
Look inside the ebook
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Excerpt from  33  pages
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