Maximizing Happiness?

2000 ◽  
Vol 1 (2) ◽  
pp. 145-167 ◽  
Author(s):  
Bruno S. Frey ◽  
Alois Stutzer
Keyword(s):  
Economic Policy ◽  
Life Satisfaction ◽  
Social Welfare ◽  
Social Welfare Function ◽  
Well Being ◽  
Revealed Preferences ◽  
Subjective Well Being ◽  
Individual Utility ◽  
Institutional Approach ◽  
Decision Utility

Abstract The measurement of individual happiness challenges the notion that revealed preferences only reliably and empirically reflect individual utility. Reported subjective well-being is a broader concept than traditional decision utility; it also includes concepts like experience and procedural utility. Micro- and macroeconometric happiness functions offer new insights on determinants of life satisfaction. However, one should not leap to the conclusion that happiness should be maximized, as was suggested for social welfare function maximization. In contrast, happiness research strengthens the validity of an institutional approach, such as reflected in the theory of democratic economic policy.

scholarly journals SWB as a Measure of Individual Well-Being

2016 ◽  
Author(s):  
Andrew Clark
Keyword(s):  
Life Satisfaction ◽  
Social Welfare ◽  
Social Welfare Function ◽  
Recent Literature ◽  
Well Being ◽  
Strongly Correlated ◽  
Subjective Well Being ◽  
Explanatory Variables ◽  
Future Behavior

There is much discussion about using subjective well-being measures as inputs into a social welfare function, which will tell us how well societies are doing. But we have (many) more than one measure of subjective well-being. This chapter considers examples of three of the main types (life satisfaction, affect, and eudaimonia) in three European surveys. These are quite strongly correlated with each other, and are correlated with explanatory variables in pretty much the same manner. The chapter provides an overview of a recent literature that has compared how well different subjective well-being measures predict future behavior, and addresses the issue of the temporality of well-being measures, and whether they should be analyzed ordinally or cardinally.

Beyond GDP: The Quest for a Measure of Social Welfare. Part II

2012 ◽  
pp. 32-51 ◽  
Author(s):  
M. Fleurbaey
Keyword(s):  
Social Welfare ◽  
Social Relations ◽  
Well Being ◽  
Welfare Economics ◽  
Subjective Well Being ◽  
Alternative Approaches ◽  
Micro Level ◽  
Beyond Gdp

The second part of the paper is devoted to the non-monetary indicators of social welfare. Various approaches to the study of subjective well-being and happiness are described. The author shows what problems a researcher would encounter trying to analyze welfare on the micro-level and to take account of the cognitive and affective aspects of the individuals assessment of their well-being, as well as the relevance of social relations. The author also shows to what extent the alternative approaches, particularly the analysis of functionings and capabilities advanced by A. Sen are compatible to the modern welfare economics and what prospects the latter has.

scholarly journals Individual differences and changes in lifestyle behaviours predict decreased subjective well-being during COVID-19 restrictions in an Australian sample

2021 ◽  
Author(s):  
Emily Brindal ◽  
Jillian C Ryan ◽  
Naomi Kakoschke ◽  
Sinead Golley ◽  
Ian T Zajac ◽  
...  
Keyword(s):  
Life Satisfaction ◽  
Individual Differences ◽  
Online Survey ◽  
Protective Factor ◽  
Health Behaviours ◽  
Well Being ◽  
Subjective Well Being ◽  
Cross Sectional ◽  
Social Distancing ◽  
Australian Sample

Abstract Background Due to the coronavirus disease 2019 (COVID-19) pandemic, social distancing practices were introduced to curb infection rates in many countries. The purpose of this study was to assess the effects of these restrictions on behaviours and well-being and whether individual differences predict changes in well-being. Methods Australian adults participated in a cross-sectional, online survey during May 2020. The survey captured demographic information; health behaviours; personality traits; life satisfaction and COVID-19-related attitudes, financial concerns, perceived risks and impacts. Results In total, 3745 (86.8% of 4313) participants completed all items. Participants were mostly female (85.7%) and 56.4 years (standard deviation [SD] = 12.6) on average. Over 95.0% of the sample indicated they had been social distancing or isolating. Health behaviours and well-being had generally worsened, with social connections being the most negatively affected. Life satisfaction was significantly lower since restrictions. For changes in life satisfaction, extroversion was a risk factor and openness to experience was a protective factor. Conclusions Overall, well-being was negatively impacted by the COVID-19 pandemic and associated social distancing particularly in this sample containing mainly older women. In future, it will be crucial to understand why and who may be differentially affected, to encourage behaviours that are protective of well-being.

scholarly journals Family Solidarity, Social Support, Loneliness, and Well-Being Among Older Adults in Rural China

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 319-320
Author(s):  
Xiaoyan Zhang ◽  
Merril Silverstein
Keyword(s):  
Older Adults ◽  
Life Satisfaction ◽  
Adult Children ◽  
Child Support ◽  
Structural Equation ◽  
Total Population ◽  
Well Being ◽  
Equation Modeling ◽  
National Bureau ◽  
Subjective Well Being

Abstract China is experiencing a large increase in elderly population. In 2019, China’s population aged 60 and above had reached 253 million, accounting for 18.1% of the total population (National Bureau of Statistics of China, 2020). By 2050, the number of adults aged 60+ would be up to 430 million, reaching one third of the total population (Du, Zhai & Chen, 2005). Considering such a rapid aging process and the existing large number of older adults in China, it becomes imperative to investigate how psychosocial factors affect this group’s subjective well-being. This study proposed that, among older adults, higher support received from each of the three relational sources (adult children, family and friends) were associated with reduced loneliness and improved well-being. Structural equation modeling was conducted using a sample of rural adults aged 60 and older (N= 1142) from the 2018 wave of data from the Longitudinal Study of Older Adults in Anhui Province, China. Findings indicated that support from adult children directly and indirectly decreased older adults’ depression and improved their life satisfaction through loneliness; while support from family members directly decreased depression but did not directly improve life satisfaction or indirectly improve well-being through loneliness. Although support from friends did not have a significant impact on older adults’ well-being, it indirectly improved well-being through reduced loneliness. Findings have implications for programs or interventions targeting both parent -adult-child support and friends support and reducing rural older adults’ loneliness.

scholarly journals How does area-level deprivation depress an individual’s self-rated health and life satisfaction? Evidence from a nationwide population-based survey in Japan

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Takashi Oshio ◽  
Hiromi Kimura ◽  
Toshimi Nishizaki ◽  
Takashi Omori
Keyword(s):  
Life Satisfaction ◽  
Health Behavior ◽  
Well Being ◽  
Population Based ◽  
Internet Survey ◽  
Subjective Well Being ◽  
Individual Level ◽  
Self Rated Health ◽  
Level Data ◽  
The Impact

Abstract Background Area-level deprivation is well known to have an adverse impact on mortality, morbidity, or other specific health outcomes. This study examined how area-level deprivation may affect self-rated health (SRH) and life satisfaction (LS), an issue that is largely understudied. Methods We used individual-level data obtained from a nationwide population-based internet survey conducted between 2019 and 2020, as well as municipality-level data obtained from a Japanese government database (N = 12,461 living in 366 municipalities). We developed multilevel regression models to explain an individual’s SRH and LS scores using four alternative measures of municipality-level deprivation, controlling for individual-level deprivation and covariates. We also examined how health behavior and interactions with others mediated the impact of area-level deprivation on SRH and LS. Results Participants in highly deprived municipalities tended to report poorer SRH and lower LS. For example, when living in municipalities falling in the highest tertile of municipality-level deprivation as measured by the z-scoring method, SRH and LS scores worsened by a standard deviation of 0.05 (p < 0.05) when compared with those living in municipalities falling in the lowest tertile of deprivation. In addition, health behavior mediated between 17.6 and 33.1% of the impact of municipality-level deprivation on SRH and LS, depending on model specifications. Conclusion Results showed that area-level deprivation modestly decreased an individual’s general health conditions and subjective well-being, underscoring the need for public health policies to improve area-level socioeconomic conditions.

scholarly journals What are people saying when they report they are happy or life satisfied

2016 ◽  
Vol 32 (3) ◽  
pp. 803 ◽  
Author(s):  
Americo Baptista ◽  
Cristina Camilo ◽  
Isabel Santos ◽  
Jose De Almeida Brites ◽  
Joana Brites Rosa ◽  
...  
Keyword(s):  
Life Satisfaction ◽  
Positive Psychology ◽  
Well Being ◽  
Graphic Representation ◽  
Hedonic Model ◽  
Subjective Well Being ◽  
Hedonic Models ◽  
Single Item ◽  
Small Variance ◽  
Reversed Order

<p><span lang="EN-GB">The study of happiness was dominated with the model of subjective well-being. With the advent of positive psychology the eudaimonic and hedonic models entered the field, but major surveys continue to use single-item measures of life satisfaction or happiness. We study the associations between life satisfaction and happiness, measured single-items with a graphic representation of a ladder and a thermometer, and three models of happiness: the subjective well-being, the eudaimonic and hedonic. The results showed that subjective well-being was the main predictor of life satisfaction and hedonic model also predicted a small amount of this variable. For happiness the predictors were the same but in reversed order, the main predictor was the hedonic model and a small variance was explained by subjective well-being. Contrary to our hypothesis the eudaimonic perspective of happiness was not a predictor in none of the models. These results underline the importance of the interaction between a cognitive or appraisal perspective and the hedonic perspectives for the study of happiness.</span></p>

scholarly journals Subjective Well-being, Mental Health and Concerns During the COVID-19 Pandemic: Evidence From the Global South

2021 ◽  
Vol 13 (2) ◽  
pp. 72
Author(s):  
Lina Martínez ◽  
Valeria Trofimoff ◽  
Isabella Valencia
Keyword(s):  
Mental Health ◽  
Life Satisfaction ◽  
Positive Emotions ◽  
Online Survey ◽  
Well Being ◽  
Global South ◽  
Subjective Well Being ◽  
Depression And Anxiety ◽  
Current Crisis ◽  
Study Results

COVID-19 pandemic is harming many social and economic spheres beyond physical health. The subjective well-being of the population (positive emotions and life satisfaction) and the prevalence of stressors affecting good mental health like worry, depression, and anxiety are increasing worldwide. This analysis presents evidence of subjective well-being and mental health in Colombia, South America, during the current crisis. The data for this analysis comes from an online survey released after one month of quarantine. In total, 941 adults participated in the study. Results show that women are more affected by their well-being and experience more often worry, depression, and anxiety than males. In particular, younger women and from the lower socioeconomic strata. Respondents identify three primary concerns because of the pandemic: i) financial consequences, ii) health (personal and loved one&#39;s health), and iii) productivity. Respondents are, on average, more concerned for the health of loved ones than their health. 49% of study participants report having an income reduction as a consequence of the pandemic, but women in all subgroups analyzed are more affected than males. In terms of productivity &ndash;working remotely-, educated people, and from 50+ age range, feels more productive working from home. Evidence from this analysis contributes to the broader research of the consequences of COVID-19 on the well-being of the population. Evidence comes from a country in the global South with high population ratings of subjective well-being, happiness, and life satisfaction before the pandemic.&nbsp;

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