||Abstract What is happiness? This question has been asked by people throughout the entire existence of mankind. Initially, this problem was considered by philosophers who studied it from different perspectives. To date, identifying the sources of happiness and their dependence on external factors has not lost its relevance. Conversely, it became deeper, since economists have also joined in the study of this issue. A number of new approaches to the analysis of the level of happiness has appeared, and the research results can have a significant impact on the economic and social policy of countries. My thesis concentrates on gender differences in these measures, which is a topic of interest nowadays. Women’s rights have highly improved over recent decades. How has it changed female life satisfaction? Has it somehow affected male happiness? These are the questions I consider in my research.