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dc.contributor.authorEasterlin, Richard A.en_US
dc.contributor.authorAngelescu McVey, Lauraen_US
dc.contributor.authorSwitek, Malgorzataen_US
dc.contributor.authorSawangfa, Onnichaen_US
dc.contributor.authorZweig, Jacqueline Smithen_US
dc.description.abstractThe striking thing about the happiness-income paradox is that over the long-term - usually a period of 10 y or more - happiness does not increase as a country's income rises. Heretofore the evidence for this was limited to developed countries. This article presents evidence that the long term nil relationship between happiness and income holds also for a number of developing countries, the eastern European countries transitioning from socialism to capitalism, and an even wider sample of developed countries than previously studied. It also finds that in the short-term in all three groups of countries, happiness and income go together, i.e., happiness tends to fall in economic contractions and rise in expansions. Recent critiques of the paradox, claiming the time series relationship between happiness and income is positive, are the result either of a statistical artifact or a confusion of the short-term relationship with the long-term one.en_US
dc.publisherInstitute for the Study of Labor (IZA) Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5799en_US
dc.subject.keywordEasterlin Paradoxen_US
dc.subject.keywordlife satisfactionen_US
dc.subject.keywordsubjective well-beingen_US
dc.titleThe happiness-income paradox revisiteden_US
dc.typeWorking Paperen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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