THAT is 'happiness economy' Information:
Happiness economy - formal scientific research of the relations between separate satisfaction and economic problems as employment and wealth. The economy of happiness tries to use the econometric analysis to find, what increase in factors and is reduced by human welfare and quality of life.
2019 - Happiness economy
Happiness economy, Information - 2019
DESTRUCTION of 'happiness economy' Information:
The economy of happiness seeks to go out of typical areas of economic research, such as the income and wealth, and to estimate other factors which concern quality of life.
Research of economy of happiness found that people in richer countries with high-quality establishments are inclined to be happier, than people in the countries with smaller amount of wealth and poorer establishments.
The European Organization for Economic Cooperation and Development (OECD) collects material about economy of happiness and estimates her 35 member states founded on factors such as housing, the income, employment, education, environment, the civil obligation and health. The purpose of OECD consists in helping the governments to project the best state policies.
Measurement of happiness and quality of life represents a problem because of the standard subjective character, but those who studies happiness economy, discuss importance of research of bigger quantity of the comprehensive factors mentioning quality of life.
Happiness economy factors
The economy of happiness throws down a challenge to the assumption of neoclassical economy which assumes that higher income always correlates to higher utility levels and economic welfare. At the low levels of the income more money really usually increases happiness as the increasing income allows the person to buy goods and services which consider important for bases of life, such as food, a shelter, health care and education. However research also showed it to be true only for a certain level of the income, somewhere between 75.000 both 120.000, and the income besides not necessarily correlates to bigger happiness.
Factors which affect happiness, include quality, and type of people of work do, and also the sum of hours, they work. Research in the field of economy of happiness showed that only one levels of the income not necessarily correlate fortunately as content derived benefit of work. Boring repeated workplaces can give not enough pleasure while independent business activity or work in creative skilled workers places can lead to bigger satisfaction.
Working can increase happiness, especially more if it is work, someone enjoys, but even then there is a limit as working consistently long results of hours at more high voltage and smaller happiness. Researches showed time for leisure to be so important as quality of work when business reaches human welfare and happiness. Other factors which reduce happiness, include unemployment, poor health, debt on the consumer credit with high percent and work reach more long, than about 20 minutes.
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