From Happiness Data to Economic Conclusions

Daniel J Benjamin, Kristen Cooper, Ori Heffetz, Miles S Kimball

Research output: Working paper/preprintWorking paper


Happiness data--survey respondents' self-reported well-being (SWB)--have become increasingly common in economics research, with recent calls to use them in policymaking. Researchers have used SWB data in novel ways, for example to learn about welfare or preferences when choice data are unavailable or difficult to interpret. Focusing on leading examples of this pioneering research, the first part of this review uses a simple theoretical framework to reverse-engineer some of the crucial assumptions that underlie existing applications. The second part discusses evidence bearing on these assumptions and provides practical advice to the agencies and institutions that generate SWB data, the researchers who use them, and the policymakers who may use the resulting research. While we advocate creative uses of SWB data in economics, we caution that their use in policy will likely require both additional data collection and further research to better understand the data.
Original languageEnglish
Place of PublicationCambridge, Mass
PublisherNational Bureau of Economic Research
StatePublished - 2023

Publication series

NameNBER working paper series
PublisherNational Bureau of Economic Research
Volumeno. w31727

Bibliographical note

September 2023.


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