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Public Choice and Happiness

Frey, Bruno S. and Stutzer, Alois. (2019) Public Choice and Happiness. In: The Oxford Handbook of Public Choice, 1. New York, pp. 779-795.

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Official URL: https://edoc.unibas.ch/73434/

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Abstract

In this contribution, we first discuss how the analysis of self-reported measures of subjective well-being can contribute to a better understanding of the extent to which public choices serve individuals` preferences. Our research insights will be drawn from the analysis of the well-being consequences of alternative institutional arrangements, the assessment of specific policies, the study of procedural utility, as well as the testing of theoretical predictions derived from models of the political process. Second, we adopt a reverse perspective and discuss how the application of insights from public choice analyses can inform and inspire happiness research on issues related to public policy. In particular, happiness indicators provide new and complementary information about the satisfaction of citizens` preferences, which will strengthen democratic competition. However, the happiness approach also has clear limitations if it is understood as a decision rule for good policy and the interaction between citizens and the government is reduced to monitoring reported happiness.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Politische ├ľkonomie (Stutzer)
UniBasel Contributors:Stutzer, Alois
Item Type:Book Section, refereed
Book Section Subtype:Further Contribution in a Book
Publisher:Oxford University Press
ISBN:978-0-19-046973-3
Note:Publication type according to Uni Basel Research Database: Book item
Last Modified:17 Dec 2019 10:20
Deposited On:17 Dec 2019 10:20

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