Adler, Matthew D., Dolan, Paul and Kavetsos, Georgios (2015) Would you choose to be happy? Tradeoffs between happiness and the other dimensions of life in a large population survey. CEP Discussion Paper, No. 1366. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
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Abstract
A large literature documents the correlates and causes of subjective well-being, or happiness. But few studies have investigated whether people choose happiness. Is happiness all that people want from life, or are they willing to sacrifice it for other attributes, such as income and health? Tackling this question has largely been the preserve of philosophers. In this article, we find out just how much happiness matters to ordinary citizens. Our sample consists of nearly 13,000 members of the UK and US general populations. We ask them to choose between, and make judgments over, lives that are high (or low) in different types of happiness and low (or high) in income, physical health, family, career success, or education. We find that people by and large choose the life that is highest in happiness but health is by far the most important other concern, with considerable numbers of people choosing to be healthy rather than happy. We discuss some possible reasons for this preference
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk/ |
| Additional Information: | © 2015 The Authors. |
| Library of Congress subject classification: | H Social Sciences > HB Economic Theory H Social Sciences > HV Social pathology. Social and public welfare. Criminology |
| Journal of Economic Literature Classification System: | D - Microeconomics > D6 - Welfare Economics H - Public Economics > H0 - General > H00 - General I - Health, Education, and Welfare > I0 - General > I00 - General I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness |
| Sets: | Departments > Social Policy Research centres and groups > Centre for Economic Performance (CEP) |
| Identification Number: | No. 1366 |
| Funders: | Economic and Social Research Council, National Institute on Aging |
| Projects: | P30-AG024928 |
| Date Deposited: | 25 Aug 2015 09:53 |
| URL: | http://eprints.lse.ac.uk/63304/ |
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