Happiness Quantified

A Satisfaction Calculus Approach

By: Bernard Van Praag, Ada Ferrer-I-Carbonell

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Paperback | 20 December 2007 | Edition Number 2

At a Glance

Paperback
392 Pages

Edition Type
Revised

Dimensions(cm)
23.39 x 15.6 x 2.06

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How do we measure happiness? Focusing on subjective measures as a proxy for welfare and well-being, this book finds ways to do that. Subjective measures have been used by psychologists, sociologists, political scientists, and, more recently, economists to answer a variety of scientifically and politically relevant questions. Van Praag, a pioneer in this field since 1971, and Ferrer-i-Carbonell present in this book a generally applicable methodology for the analysis of subjective satisfaction. Drawing on a range of surveys on people''s satisfaction with their jobs, income, housing, marriages, and government policy, among other areas of life, this book shows how satisfaction with life "as a whole" is an aggregate of these domain satisfactions. Using German, British, Dutch, and Russian data, the authors cover a wide range of topics. This groundbreaking book presents a new and fruitful methodology that constitutes a welcome addition to the social sciences. The paperback edition has been revised to bring the literature review up-to-date and the chapter on poverty has been revised and extended to take account of new research.

Industry Reviews

`The book constitutes an important contribution to the economics of happiness, in particular because of its rigourous econometric techniques. Its approach will be appealing to economists and all those social scientists interested in quantitative analysis;' Mariano Rojas, Journal of Happiness Studies `Many of its chapters are indeed at the frontier of economics, as they deal with health, marriage, gender, social comparisons, norms, and the dynamics of satisfaction. Accordingly, they always hinge on the intuitions of "sister disciplines" such as psychology and sociology. Doing so, they show an example of how multi-disciplinarity can be constructive and enrich economic understanding.' Journal of Economic Behavior & Organization `The Leyden School, headed by Bernard M.S. Van Praag, has pioneered in the economic analysis of subjective testimony. This volume assembles and synthesizes much of this valuable body of work. It is characterized by the theoretical and methodological rigor typical of the School, and is rich in its public policy applications.' Richard Easterlin, University of Southern California

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