Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

Measuring Preferences by Subjective Well-Being

Bruno S. Frey and Alois Stutzer
Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die gesamte Staatswissenschaft
Vol. 155, No. 4 (Dec. 1999), pp. 755-778
Stable URL: http://www.jstor.org/stable/40752166
Page Count: 24
  • Read Online (Free)
  • Download ($24.00)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Measuring Preferences by Subjective Well-Being
Preview not available

Abstract

The measurement of preferences is an ongoing challenge for economists. New insights can be won by relying on reported subjective well-being in addition to observed behaviour. Empirical estimates of well-being functions, based on a sample of 5500 Swiss residents, find that unemployed persons are much unhappier than employed ones. Differences in life satisfaction between income classes are quite small and improvements in financial situation hardly raise happiness. Moreover, well-being functions are valuable in revealing the utility derived from constitutional conditions. Our econometric estimates suggest that more extended citizens' participation possibilities in the democratic process tend to raise subjective well-being.

Page Thumbnails

  • Thumbnail: Page 
[755]
    [755]
  • Thumbnail: Page 
756
    756
  • Thumbnail: Page 
757
    757
  • Thumbnail: Page 
758
    758
  • Thumbnail: Page 
759
    759
  • Thumbnail: Page 
760
    760
  • Thumbnail: Page 
761
    761
  • Thumbnail: Page 
762
    762
  • Thumbnail: Page 
763
    763
  • Thumbnail: Page 
764
    764
  • Thumbnail: Page 
765
    765
  • Thumbnail: Page 
766
    766
  • Thumbnail: Page 
767
    767
  • Thumbnail: Page 
768
    768
  • Thumbnail: Page 
769
    769
  • Thumbnail: Page 
770
    770
  • Thumbnail: Page 
771
    771
  • Thumbnail: Page 
772
    772
  • Thumbnail: Page 
773
    773
  • Thumbnail: Page 
774
    774
  • Thumbnail: Page 
775
    775
  • Thumbnail: Page 
776
    776
  • Thumbnail: Page 
777
    777
  • Thumbnail: Page 
778
    778