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The Frame of Reference as a Public Good

Bibliographic Data

ID9707328
AuthorsRobert H Frank (Cornell University, corresponding author)
Year1997
Volume107
Issue445
Pages1832-1847
Publication date1997-11-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.1997.tb00086.x
OpenAlexW2109480260
LanguageEN
Citations received90
References cited39

Does consuming more goods make people happier? For a broad spectrum of goods, available evidence suggests that beyond some point the answer is essentially no. Much of this evidence is from the large and growing scientific literature on the determinants of life‐satisfaction and psychological well‐being.1 Evidence from this literature also suggests, however, that there are ways of spending time and money that do have the potential to increase people's satisfaction with their lives, and herein lies a message of considerable importance for policy‐makers. The psychologist's conception of human well‐being is somewhat different from the economist's. Economists speak of an individual's utility, which in traditional economic models is assumed to be an increasing function of present and future consumption of goods, leisure, and other amenities that people typically view as desirable. Faced with a limited income, the individual is assumed to choose among alternatives so as to maximise her utility

Consumption (sociology · Economics · Economy · Frame (networking · Function (biology · Goods and services · Life satisfaction · Microeconomics · Point (geometry · Positive economics · Public economics · Public good · Social science · Sociology · Computer Science · Decision-Making and Behavioral Economics · Income, Poverty, and Inequality · Psychological Well-being and Life Satisfaction · Psychology · Social Psychology

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Unique citing works90
Citations per year3,1
Citation span1997 - 2026 (30)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 84

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