nep-hap New Economics Papers
on Economics of Happiness
Issue of 2018‒11‒19
two papers chosen by
Viviana Di Giovinazzo
Università degli Studi di Milano-Bicocca

  1. Would you choose to be happy? Tradeoffs between happiness and the other dimensions of life in a large population survey By Adler, Matthew D.; Dolan, Paul; Kavetsos, Georgios
  2. Il tempo condiviso in Italia By Nicolò Bellanca; Mauro Maltagliati; Benedetto Rocchi

  1. By: Adler, Matthew D.; Dolan, Paul; Kavetsos, Georgios
    Abstract: A large literature documents the determinants of happiness. But is happiness all that people want from life; and if so, what type of happiness matters to them? Or are they willing to sacrifice happiness (however it is defined) for other attributes in their lives? We show direct evidence that individuals trade-off levels of happiness with levels of income, physical health, family, career success and education in a large sample of UK and US individuals. On average, all types of happiness are preferred to other attributes except health. People prefer affective happiness (feeling good) over evaluative (life satisfaction) and eudaimonic (worthwhileness) components. This result is robust to methodological innovations, such as the use of vignettes and judgements of the lives described.
    Keywords: preference; subjective well-being; happiness
    JEL: D6 H00 I00 I31
    Date: 2017–07
  2. By: Nicolò Bellanca; Mauro Maltagliati; Benedetto Rocchi
    Abstract: Shared time is the set of moments that we are free to use in connection with others. Our research asks where Italians use their shared time in similar ways. Based on the proportion of time spent in shared activities, we have identified ten "lifestyles". Each "style" unites people who have a similar distribution of shared time among activities. Between 2003 and 2008 all Italian macro- regions moved in the same direction and roughly the same size. The inhabitants of various areas tend to converge on the normal "lifestyle", eliminating the particularities that differentiate one type from the other. In the following period, which runs from 2008 to 2013, Italy appears fossilized on the choice made during the previous phase: the polygons enclosing the trajectories of the two years overlap, and all the trajectories are shortened. The whole decade can thus be captured by the expression "fossilized normalization" of the uses of shared time.
    Keywords: Time-use; Quality of life; Subjective well-being; Scheduling; Shared time
    JEL: D39 D69 D91 I31 J22 Z13
    Date: 2018

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