Finland was recently ranked, for the fifth year in a row, as the world’s happiest country. Trust in others in society plays a large role in what makes people there – and elsewhere – happy.
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In a series of experiments, we showed the high value we place on happiness is not only associated with increased levels of depression, it may actually be the underlying factor.
The positive psychology movement led to hundreds of studies dedicated to improving human happiness. So why has nothing changed?
While the economics of happiness has boomed, the economics of unhappiness has been neglected. Yet there are many objective sources of unhappiness that good economic research might tackle productively.
