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The economics of happiness

An approach to Portuguese economy

Bibliographic Data

ID2434556
AuthorsSandra Cristina Ribeiro, Sandra Ribeiro (0000-0002-6767-0151, Autonomous University of Lisbon), António Duarte Santos (0000-0002-2773-1829, Autonomous University of Lisbon)
Year2019
Volume12
Issue4
Pages197-212
Publication date2019-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomics & Sociology (JOURNAL)
Journal identifiersISSN: 2071-789X • E-ISSN: 2306-3459
PublisherCentre of Sociological Research, Szczecin, Poland (PUBLISHER • PL)
DOI10.14254/2071-789x.2019/12-4/12
OpenAlexW2998967717
LanguageEN
Citations received3
References cited11

One of the major motivational sources humans have is feeling happy. The issue of Happiness has been studied since Ancient Greece. Recently, though, this has become a research topic in social fields such as Economics. In the past three decades, studies have been made on Happiness in the frameworks of Economics. However, not many of them concerned the Economics of Happiness, since it is a relatively new research field. Thus, our study aims to present a literature review that includes references to the main factors behind the increase of happiness, as well as the relation between economics and happiness. We also offer our own validity analysis methodology in which Gross Domestic Product (GDP) is considered as an indicator of excellence representing the population's satisfaction level, evidencing the restraints and limitations to national income. We will describe the elements of the Well-Being Index of Portugal for 2004 to 2017 and link them to the country's position in the World Happiness Index and in the world GDP. Considering that national wealth is one of the elements in the analysis of Happiness, there is a positive relation between the two variables in the referred time span. However, our analysis has led us to discover other variables, more relevant for the analysis of the happiness level and thus the results are debatable.

Classical economics · Economic system · Economics · Economy · Happiness · Neoclassical economics · Portuguese · Positive economics · Financial Literacy, Pension, Retirement Analysis · Philosophy · Psychological Well-being and Life Satisfaction · Psychology · Regional resilience and development · Social Psychology

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  • The Theory of Political Economy

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Unique citing works3
Citations per year1
Citation span2023 - 2026 (4)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 3

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