Surely everyone wants to know the source of happiness, and indeed, economists and social scientists are increasingly interested in the study and effects of subjective well-being. Putting forward a rigorous method and new data for measuring, comparing, and analyzing the relationship between well-being and the way people spend their time--across countries, demographic groups, and history--this book will help set the agenda of research and policy for decades to come. It does so by introducing a system of National Time Accounting (NTA), which relies on individuals' own evaluations of their emotional experiences during various uses of time, a distinct departure from subjective measures such as life satisfaction and objective measures such as the Gross Domestic Product. A distinguished group of contributors here summarize the NTA method, provide illustrative findings about well-being based on NTA, and subject the approach to a rigorous conceptual and methodological critique that advances the field. As subjective well-being is topical in economics, psychology, and other social sciences, this book should have cross-disciplinary appeal.

Alan B. Krueger is the Bendheim Professor of Economics and Public Affairs at Princeton University.

Introduction and Overview	p. 1
National Time Accounting: The Currency of Life	p. 9
That Which Makes Life Worthwhile	p. 87
Measuring National Well-Being	p. 107
National Time Accounting and National Economic Accounting	p. 113
Measuring Real Income with Leisure and Household Production	p. 125
Well-Being Measurement and Public Policy	p. 145
International Evidence on Well-Being	p. 155
Thoughts on "National Time Accounting: The Currency of Life"	p. 227
Rejoinder	p. 243
Contributors	p. 253
Author Index	p. 255
Subject Index	p. 259
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