Economics of Happiness

Bachelor Thesis from the year 2016 in the subject Economics - Other, grade: 68% out of 100% (or 2.1), University of Strathclyde, course: Economics, language: English, abstract: The purpose of this thesis is to analyse and compare scientific research in the economics of happiness. This study field has expanded significantly over the last forty years and some wider conclusions need to be made.This literature review looks in great detail at all concepts behind happiness and subjective well being, provides deeper understanding of GDP as a measure of welfare with issues around it and finally analyses ‘Easterlin Paradox’ and its updates.