Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35136 
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dc.contributor.authorStevenson, Betseyen
dc.contributor.authorWolfers, Justinen
dc.date.accessioned2008-09-24-
dc.date.accessioned2010-07-07T11:34:01Z-
dc.date.available2010-07-07T11:34:01Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:101:1-20080828153en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3654en
dc.subject.jelD6en
dc.subject.ddc330en
dc.subject.keywordHappinessen
dc.subject.keywordsubjective well-beingen
dc.subject.keywordEasterlin Paradoxen
dc.subject.keywordlife satisfactionen
dc.subject.keywordeconomic growthen
dc.subject.keywordwell-being-income gradienten
dc.subject.keywordhedonic treadmillen
dc.subject.stwLebenszufriedenheiten
dc.subject.stwLebensstandarden
dc.subject.stwWirtschaftswachstumen
dc.subject.stwSozialprodukten
dc.subject.stwLebensqualitäten
dc.subject.stwWelten
dc.subject.stwLebenszufriedenheiten
dc.subject.stwLebensstandarden
dc.subject.stwWirtschaftswachstumen
dc.subject.stwSozialprodukten
dc.subject.stwLebensqualitäten
dc.subject.stwWelten
dc.titleEconomic growth and subjective well-being: reassessing the easterlin paradox-
dc.type|aWorking Paperen
dc.identifier.ppn578090570en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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