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Title:Pursuing happiness PDF Logo
Authors:Schubert, Christian
Issue Date:2012
Series/Report no.:Papers on economics and evolution 1201
Abstract:While research on subjective well-being abounds, comparatively little thought has been given to its practical policy implications. Two approaches to derive policy advice have emerged in the literature: One is organized in terms of the idea to maximize a hedonic social welfare function, the other focuses on the design of constitutional rules to facilitate the individuals' self-determined pursuit of happiness. We suggest to substantiate what it means to pursue happiness, in particular by drawing upon a psychologically informed account of preference learning. If extended in this direction, a notion of the pursuit of happiness has interesting practical policy implications.
Subjects:subjective well-being
happiness
welfare economics
preference learning
JEL:D03
D11
D60
Document Type:Working Paper
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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