What Does Happiness Research Tell Us about Happiness?

44 Pages Posted: 26 Jun 2007

See all articles by David A. Weisbach

David A. Weisbach

University of Chicago - Law School; Center for Robust Decisionmaking on Climate & Energy Policy (RDCEP)

Date Written: June 2007

Abstract

This paper analyzes the consequences of the findings from research into self-reported well being or happiness for taxation. It primarily considers two findings: that happiness depends on status as well as income, and that individuals may adapt to disability, exhibiting relatively small losses in happiness from disabilities. In each case, it examines how adding these concerns to standard tax models changes the results and then compares the empirical findings of the happiness literature to see whether they provide the type of data needed to parameterize the models. In both cases, the theoretical models ask for different types of data than the happiness studies emphasize. The paper also looks at Robert Frank's arguments for a progressive consumption tax based on the findings of the happiness research. It finds that these claims are not supported by the current findings.

Suggested Citation

Weisbach, David, What Does Happiness Research Tell Us about Happiness? (June 2007). U of Chicago Law & Economics, Olin Working Paper No. 342. Available at SSRN: https://ssrn.com/abstract=995319 or http://dx.doi.org/10.2139/ssrn.995319

David Weisbach (Contact Author)

University of Chicago - Law School ( email )

1111 E. 60th St.
Chicago, IL 60637
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773-702-3342 (Phone)
773-702-0730 (Fax)

Center for Robust Decisionmaking on Climate & Energy Policy (RDCEP) ( email )

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Chicago, IL 60637
United States

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