The Economics of Happiness: Subjective Well-Being and Economic Indicators

Abstract

This article explores the intricate relationship between subjective well-being and traditional economic indicators. It delves into the complexities of measuring happiness and how subjective experiences interact with, and sometimes deviate from, commonly used economic metrics. By examining the psychological and sociological dimensions of happiness, the paper seeks to enhance our understanding of the broader implications of economic policies on individuals' well-being. The synthesis of subjective well-being data with economic indicators provides a holistic perspective for policymakers aiming to create societies that not only prosper economically but also foster contentment and life satisfaction.