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dc.contributor.authorStevenson, Betseyen_US
dc.contributor.authorWolfers, Justinen_US
dc.date.accessioned2008-09-24en_US
dc.date.accessioned2010-07-07T11:34:01Z-
dc.date.available2010-07-07T11:34:01Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-20080828153en_US
dc.identifier.urihttp://hdl.handle.net/10419/35136-
dc.description.abstractThe Easterlin paradox suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive link between average levels of subjective well-being and GDP per capita across countries, and find no evidence of a satiation point beyond which wealthier countries have no further increases in subjective well-being. We show that the estimated relationship is consistent across many datasets and is similar to the relationship between subject well-being and income observed within countries. Finally, examining the relationship between changes in subjective well-being and income over time within countries we find economic growth associated with rising happiness. Together these findings indicate a clear role for absolute income and a more limited role for relative income comparisons in determining happiness.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3654en_US
dc.subject.jelD6en_US
dc.subject.ddc330en_US
dc.subject.keywordHappinessen_US
dc.subject.keywordsubjective well-beingen_US
dc.subject.keywordEasterlin Paradoxen_US
dc.subject.keywordlife satisfactionen_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordwell-being-income gradienten_US
dc.subject.keywordhedonic treadmillen_US
dc.subject.stwLebenszufriedenheiten_US
dc.subject.stwLebensstandarden_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSozialprodukten_US
dc.subject.stwLebensqualitäten_US
dc.subject.stwWelten_US
dc.subject.stwLebenszufriedenheiten_US
dc.subject.stwLebensstandarden_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSozialprodukten_US
dc.subject.stwLebensqualitäten_US
dc.subject.stwWelten_US
dc.titleEconomic growth and subjective well-being: reassessing the easterlin paradoxen_US
dc.typeWorking Paperen_US
dc.identifier.ppn578090570en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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