Unlocking Happiness: Assessing the Monetary Value of Leisure Activities on Subjective Well-Being
Yeongbae Choe,
Jooa Baek
Abstract:Improving the level of subjective well-being or happiness is often the primary goal for the government and its policy. Thus, knowing the value of leisure activities in improving the subjective well-being would hugely contribute to the policy-making process. This study explores the impact of participation in leisure activities on individual subjective happiness by applying the well-being valuation method to the national survey data collected in South Korea. Among the five leisure activities, participation in cu… Show more
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