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Research on Well-Being: Determinants, Effects, and its Relevance for Management

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  • Frey, Bruno S.

Abstract

Empirically orientated happiness research provides valuable and new insights to both business and political economics. Managers can benefit from the knowledge gained regarding the determinants and even more from the consequences of subjective well-being. They should, however, not engage in directly trying to raise the happiness of stakeholders. Rather, they should lay the ground for the respective persons being able to reach happiness in the way they choose themselves. Research on well-being provides crucial insights for economic and social policy as well as for business economics considering aspects such as recognition, autonomy, health, personal relationships and political institutions.

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  • Frey, Bruno S., 2017. "Research on Well-Being: Determinants, Effects, and its Relevance for Management," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 71(4), pages 358-367.
    • Handle: RePEc:nms:untern:10.5771/0042-059x-2017-4-358
    DOI: 10.5771/0042-059X-2017-4-358
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    1. Frey, Bruno S & Stutzer, Alois, 2000. "Happiness, Economy and Institutions," Economic Journal, Royal Economic Society, vol. 110(466), pages 918-938, October.
    2. Frey, Bruno & Gallus, Jana, 2017. "Honours versus Money: The Economics of Awards," OUP Catalogue, Oxford University Press, number 9780198798507.
    3. Jan-Emmanuel De Neve & Ed Diener & Louis Tay & Cody Xuereb, 2013. "The Objective Benefits of Subjective Well-Being," CEP Discussion Papers dp1236, Centre for Economic Performance, LSE.
    4. Margit Osterloh & Bruno S. Frey, 2000. "Motivation, Knowledge Transfer, and Organizational Forms," Organization Science, INFORMS, vol. 11(5), pages 538-550, October.
    5. Bruno S. Frey, 2018. "Economics of Happiness," SpringerBriefs in Economics, Springer, number 978-3-319-75807-7, October.
    6. Bruno S. Frey & Margit Osterloh, "undated". "Yes, Managers Should be Paid Like Bureaucrats," IEW - Working Papers 187, Institute for Empirical Research in Economics - University of Zurich.
    7. Bruno Frey & Claudia Marti, 2010. "Glück — Die Sicht der Ökonomie," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 90(7), pages 458-463, July.
    8. Carol Graham, 2017. "Happiness and economics: insights for policy from the new 'science' of well-being," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 1(1), pages 69-72, February.
    9. Jana Gallus & Bruno S. Frey, 2016. "Awards: A strategic management perspective," Strategic Management Journal, Wiley Blackwell, vol. 37(8), pages 1699-1714, August.
    10. Andrew J. Oswald & Eugenio Proto & Daniel Sgroi, 2015. "Happiness and Productivity," Journal of Labor Economics, University of Chicago Press, vol. 33(4), pages 789-822.
    11. Van Praag, Bernard M. S. & Ferrer-i-Carbonell, Ada, 2011. "Happiness Economics: A New Road to Measuring and Comparing Happiness," Foundations and Trends(R) in Microeconomics, now publishers, vol. 6(1), pages 1-97, April.
    12. Bruno Frey & Alois Stutzer, 2012. "The use of happiness research for public policy," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(4), pages 659-674, April.
    13. Dolan, Paul & Peasgood, Tessa & White, Mathew, 2008. "Do we really know what makes us happy A review of the economic literature on the factors associated with subjective well-being," Journal of Economic Psychology, Elsevier, vol. 29(1), pages 94-122, February.
    14. Oswald, Andrew J. & Wu, Stephen, 2010. "Objective Confirmation of Subjective Measures of Human Well-being: Evidence from the USA," IZA Discussion Papers 4695, Institute of Labor Economics (IZA).
    15. Richard Layard, 2015. "A New Priority for Mental Health," CEP Election Analysis Papers 035, Centre for Economic Performance, LSE.
    16. Bruno S. Frey, 2008. "Happiness: A Revolution in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262062771, April.
    17. Bruno S. Frey & Alois Stutzer (ed.), 2013. "Recent Developments in the Economics of Happiness," Books, Edward Elgar Publishing, number 15134.
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    2. Masayuki Yoshida & Brian S. Gordon & Jeffrey D. James, 2021. "Social capital and consumer happiness: toward an alternative explanation of consumer-brand identification," Journal of Brand Management, Palgrave Macmillan, vol. 28(5), pages 481-494, September.

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