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Title:Perspectives from the happiness literature and the role of new instruments for policy analysis PDF Logo
Authors:van Praag, Bernard M. S.
Issue Date:2007
Series/Report no.:CESifo working paper 1912
Abstract:After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the assumption of ordinal individual utilities. In Section 4 we introduce a cardinal utility concept, which seems to us the natural consequence of the happiness economics methodology. In Section 5 we sketch how this approach can lead to a normative approach to policy problems that is admissible from a positivist point of view. Section 6 concludes.
JEL:B21
B41
D63
I31
I38
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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