Happiness Economics: Motivational Environment, Objective and Subjective Factors

DOI

10.2991/iscfec-18.2019.112How to use a DOI?

Keywords

Happiness Economics, Motivational Environment, Factors and Conditions of Happiness, Young People: Evaluation of Happiness.

Abstract

Economic growth factors in the new economic reality are associated with the formation of a qualitatively new motivational environment. From this perspective, it is rather promising to develop and implement economic policy that ensures welfare and other aspects of happiness as an economic phenomenon. The paper is aimed at substantiating and developing the major components of the concept of a new motivational environment on the basis of the economic phenomenon of happiness from the standpoint of subjective assessments by the younger generation, and identifying general objective factors and conditions that determine happiness. The authors prove the hypothesis that subjective evaluation of the state of happiness is founded on objective and universal factors forming the economic phenomenon of happiness in the new economic reality. The study covered young people as the most creative group of population with lower social inertia. The quantitative and qualitative methods of statistical analysis were applied: time series, the ranking method, rank correlation, correlation and regression analysis and econometric modeling. The study proves that material conditions and socio-psychological factors are the elements of a single system that, when interacting, produce a synergy effect generating a qualitatively new motivation for enhancing economic activity that ensures effective self-realization. The identified objective factors in social and economic equilibrium (happiness) are proposed as the basis for the formation policy of a new motivational environment that ensures the realization of economic interests of people, especially the youth.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - А.А. Ilyukhin
AU  - S.V. Ilyukhina
PY  - 2019/01
DA  - 2019/01
TI  - Happiness Economics: Motivational Environment, Objective and Subjective Factors
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 492
EP  - 496
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.112
DO  - 10.2991/iscfec-18.2019.112
ID  - Ilyukhin2019/01
ER  -