The Economics of Happiness
A Brief Review
Abstract
Research in subjective wellbeing and happiness has rarely been as prominent as nowadays. We seek to evaluate the composition and definitions of happiness, using a literature review format as our guiding structure. After defining happiness and wellbeing, this article provides a brief overview of happiness measurement, before delving into the relation between policy, structure, and subjective wellbeing levels. Finally, this article concludes with a look into the future of happiness research, developing anticipations and requirements for effective happiness research and maximisation.
Keywords: Subjective wellbeing, SWB, economics of happiness, happiness, happiness review, modelling happiness, eudaimonia, environmentalism, affect
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