The Economics of Happiness: Future or Reality in Russia?

Abstract

Abstract The scientific paper, which was processed by the author, deals with the issue of urban environment and conditions in which residents feel themselves in this environment more secure, successful and, of course, happy. The article presents a comparative analysis of the Singapore experience in improving the urban environment, which at one time allowed this small Asian country to take a leading position in the world economy. Author believes that the economics of happiness is the economy of the future. Happy people are able to improve their KPI, to work more efficiently; they become more competitive, and, consequently, the country improves its competitiveness. The article deals with different approaches to evaluate the happiness and well-being of residents from different countries and provides examples of projects aimed to improve the happiness of the inhabitants of the cities.