On What Depends Happiness?

It isn’t straightforward for an economic research institute to evaluate a study on happiness. But, on the other hand, as you can read in my last post, it is a failure of modern economics to concentrate only on market efficiency and similar measures. Fortunately, there are economists who care about a broader spectrum of themes: for example the DIW (Deutsches Institut für Wirtschaftsforschung). In its new publication it evaluates a German long term study (25 years) on happiness. And they found out for which factors seem to positively affect the way we value our lives. Continue reading