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How do we measure happiness? This book presents an approach to the analysis of subjective satisfaction and income evaluation. Drawing on empirical analyses of German, British, Dutch, and Russian data, it develops methodology to establish a model of well-being, which includes satisfaction with life as a whole and with various domains of life.
Explores the concept of happiness in economics. There is now a growing body of serious economists who are willing to include happiness economics as a part of economic science. For a better understanding of happiness economics, the authors examine the viewpoint of mainstream economics in the introduction.
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