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Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And … does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many … samples since 1972) comparator income has a negative effect on happiness equal in magnitude to the positive effect of own …
Persistent link: https://www.econbiz.de/10011635703
-run income growth. This mean-preserving declining spread in happiness comes about via falls in both the share of individuals who …This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced … positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an …
Persistent link: https://www.econbiz.de/10010287588
-run income growth. This mean-preserving declining spread in happiness comes about via falls in both the share of individuals who …This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced … positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an …
Persistent link: https://www.econbiz.de/10013099799
-run income growth. This mean-preserving declining spread in happiness comes about via falls in both the share of individuals who …This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced … positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an …
Persistent link: https://www.econbiz.de/10013101556
In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality … has dropped in countries that have experienced income growth (but not in those that did not). Modern growth has reduced … contributed to this greater happiness homogeneity. This new stylized fact comes as an addition to the Easterlin paradox, offering …
Persistent link: https://www.econbiz.de/10010252825
-run income growth. This mean-preserving declining spread in happiness comes about via falls in both the share of individuals who …-averse individuals. -- happiness ; inequality ; economic growth ; development ; Easterlin paradox …This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced …
Persistent link: https://www.econbiz.de/10009575162
-run income growth. This mean-preserving declining spread in happiness comes about via falls in both the share of individuals who …-averse individuals. -- Happiness ; inequality ; economic growth ; development ; Easterlin paradox …This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced …
Persistent link: https://www.econbiz.de/10009578752
happiness. For some countries their estimated growth rates of happiness and GDP are not trend rates, but those observed in … cyclical expansion or contraction. Mixing these short-term with long-term growth rates shifts a happiness-GDP regression from a … happiness and real GDP per capita are not significantly positively related. The principal reason that Paradox critics reach a …
Persistent link: https://www.econbiz.de/10011450390
Richer people are happier than poorer people, but when a country becomes richer over time, its people do not become happier. This seemingly contradictory pair of findings of Richard Easterlin has be-come famous as the Easterlin Paradox. However, it was met with counterevidence. To shed more...
Persistent link: https://www.econbiz.de/10011951423
nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … vitiates the otherwise positive effect of own-income growth on happiness. Critics of the Paradox mistakenly present the …The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within …
Persistent link: https://www.econbiz.de/10012372750