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Title:Happiness and growth the world over: time series evidence on the happiness-income paradox PDF Logo
Authors:Easterlin, Richard A.
Angelescu, Laura
Issue Date:2009
Series/Report no.:IZA discussion papers 4060
Abstract:There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per capita. This is true for three groups of countries analyzed separately - 17 developed, 9 developing, and 11 transition - and also for the 37 countries taken together. Time series studies reporting a positive relationship confuse a short-term positive association between the growth of happiness and income, arising from fluctuations in macroeconomic conditions, with the long-term relationship, which is nil.
Subjects:Happiness
economic growth
developing countries
transition countries
developed countries
JEL:I31
D60
O10
P27
Persistent Identifier of the first edition:urn:nbn:de:101:1-20090327277
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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