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.
Table of Contents
List of Tables and Figures
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
Chapter 5: Conclusions
Appendices
Bibliography
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