Income growth and happiness: reassessment of the Easterlin Paradox

• Main Author: Beja, Edsel L, Jr
• Format: text
• Published: Archīum Ateneo 2014
• Subjects: Easterlin Paradox; Income growth; Happiness; Dynamics; Economics
• Online Access: https://archium.ateneo.edu/economics-faculty-pubs/7; https://link.springer.com/article/10.1007/s12232-014-0211-y
• Institution: Ateneo De Manila University

The paper presents evidence of a positive but very small long-run relationship between income growth and happiness. Such finding is usually presented as a refutation of the Easterlin Paradox. The paper, however, argues that what the evidence actually reveals is that income growth has very little imp...