Recent Developments in the Economics of Happiness

Edited by Bruno S. Frey, Distinguished Professor of Behavioural Science, University of Warwick, UK, Guest Professor, Zeppelin University, Friedrichshafen, Germany and Research Director, CREMA – Centre for Research in Economics, Management and the Arts, Switzerland and Alois Stutzer, Professor of Economics, University of Basel, Switzerland

• Contents: AcknowledgementsIntroduction Recent Developments in the Economics of Happiness: A Select Overview Alois Stutzer and Bruno S. FreyPART I MAJOR CONTRIBUTIONS: REVIEWS OF THE NEW APPROACH 1. Bruno S. Frey and Alois Stutzer (2002), ‘What Can Economists Learn from Happiness Research?’2. Daniel Kahneman and Alan B. Krueger (2006), ‘Developments in the Measurement of Subjective Well-Being’3. Mark Kelman (2005), ‘Hedonic Psychology and the Ambiguities of “Welfare”’ PART II ECONOMIC DETERMINANTS OF SUBJECTIVE WELL-BEING 4. Andrew E. Clark, Paul Frijters and Michael A. Shields (2008), ‘Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles’5. Betsey Stevenson and Justin Wolfers (2008), ‘Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox’6. Richard A. Easterlin, Laura Angelescu McVey, Malgorzata Switek, Onnicha Sawangfa and Jacqueline Smith Zweig (2010), ‘The Happiness-Income Paradox Revisited’7. Erzo F.P. Luttmer (2005), ‘Neighbors as Negatives: Relative Earnings and Well-Being’8. Alois Stutzer (2004), ‘The Role of Income Aspirations in Individual Happiness’9. Rafael Di Tella, Robert J. MacCulloch and Andrew J. Oswald (2003), ‘The Macroeconomics of Happiness’ PART III SOCIAL CAPITAL AND HEALTH 10. John F. Helliwell and Robert D. Putnam (2004), ‘The Social Context of Well-Being’11. Leonardo Becchetti, Alessandra Pelloni and Fiammetta Rossetti (2008), ‘Relational Goods, Sociability, and Happiness’12. Angus Deaton (2008), ‘Income, Health, and Well-being Around the World: Evidence from the Gallup World Poll’ PART IV VALUING PUBLIC GOODS: THE LIFE SATISFACTION APPROACH 13. Bernard M.S. van Praag and Barbara E. Baarsma (2005), ‘Using Happiness Surveys to Value Intangibles: The Case of Airport Noise’14. Simon Luechinger (2009), ‘Valuing Air Quality Using the Life Satisfaction Approach’PART V UTILITY MISPREDICTION AND ADAPTATION 15. Daniel Kahneman and Richard H. Thaler (2006), ‘Anomalies: Utility Maximization and Experienced Utility’16. Andrew E. Clark, Ed Diener, Yannis Georgellis and Richard E. Lucas (2008), ‘Lags and Leads in Life Satisfaction: A Test of the Baseline Hypothesis’17. Luis Rayo and Gary S. Becker (2007), ‘Evolutionary Efficiency and Happiness’ PART VI PUBLIC POLICY 18. Richard Layard (2006), ‘Happiness and Public Policy: A Challenge to the Profession’19. Bruno S. Frey and Alois Stutzer (2012), ‘The Use of Happiness Research for Public Policy’