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Recent Advances in the Economics of Individual Subjective Well-Being Over the last decades, empirical research on subjective well-being in the social sciences has provided a major new stimulus to the discourse on individual happiness. Recently this research has also been linked to economics where reported subjective wellbeing is often taken as a proxy measure for individual welfare. In our review, we intend to provide an evaluation of where the economic research on happiness stands and of threedoi:10.5167/uzh-44504 fatcat:gs5r3oeoajfcdd7dvhrb7jvfce