THREE ESSAYS ON SUBJECTIVE WELLBEING

Most of us go through life believing we know exactly what we need to make us happy. The pursuit of this thesis is to find out what makes one happy and satisfied in life. This thesis using individual utility models, examines and finds significant effect of homeownership on wellbeing of children, significant effect of housing wealth and housing wealth inequality on happiness, and significant welfare reducing effects of changing petrol prices on wellbeing, under a range of conditions.