Beauty is the promise of happiness?

We measure the impact of individualsʹ looks on life satisfaction and happiness. Using six data sets, from Canada, Germany, the United Kingdom, and the United States, we construct beauty measures in a number of different ways. Beauty raises happiness: A one standard-deviation change in beauty generates about 0.08 standard deviations of additional satisfaction/happiness among men, 0.07 among women. The finding is robust to a rare opportunity to measure it using an instrumental variables approach. Accounting for a wide variety of covariates, particularly educational, marital, and labor-market outcomes that might be affected by beauty, the gross effects are roughly halved, with small reductions arising from the impact of beauty on monetary outcomes.