Testing the easterlin paradox: Results and policy implications

• Main Author: Beja, Edsel L, Jr
• Format: text
• Published: Archīum Ateneo 2018
• Subjects: easterlin paradox; cointegration; autoregressive distributed lag; Behavioral Economics; Economics
• Online Access: https://archium.ateneo.edu/economics-faculty-pubs/128; https://archium.ateneo.edu/cgi/viewcontent.cgi?article=1127&context=economics-faculty-pubs
• Institution: Ateneo De Manila University

The Easterlin Paradox is about the contradiction between an evidence of a short-run relationship between happiness and income growth and no evidence of a long-run relationship between happiness and income growth. The paper argues that there is confirmation of the Easterlin Paradox when the magnitude...