Happiness, relational goods and hedonic methodology

Luca Stanca

Handbook of Research Methods and Applications in Happiness and Quality of Life

Handbooks of Research Methods and Applications series

Edited by Luigino Bruni and Pier Luigi Porta

Offering a thorough assessment of the recent developments in the economic literature on happiness and quality of life, this Handbook astutely considers both methods of estimation and policy application. The expert contributors critically present in-depth research on a wide range of topics including culture and media, inequality, and the relational and emotional side of human life. Accessible and far-reaching, it will prove an invaluable resource for students and scholars of welfare and economics.

Handbook

Published in print:: 29 Apr 2016

ISBN:: 9781783471164

eISBN:: 9781783471171

DOI:: https://doi.org/10.4337/9781783471171

Pages:: c 552

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Chapter 22: Happiness, relational goods and hedonic methodology

Luca Stanca

Handbook Chapter

Published:: 29 April 2016

DOI:: https://doi.org/10.4337/9781783471171.00028

Pages:: 483–498 (16 total)

Collection: Economics 2016

Abstract

This chapter reviews recent evidence on valuing interpersonal relations. We focus, in particular, on two approaches that have received much attention in the recent literature on relational goods: the hedonic price method and the life satisfaction approach. We survey the key empirical contributions while discussing the main advantages and limitations of the two approaches.

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