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Paradox Lost?

Author

Listed:
  • Easterlin, Richard A.

Abstract

Or Paradox Regained? Critics from three different disciplines have recently claimed that the Easterlin Paradox is not supported by time-series analysis. New data for both the United States and countries worldwide, however, confirm that long-term trends in growth rates of happiness and real GDP per capita are not significantly positively related. The evidence indicates that it is Paradox Regained. The principal reasons that the critics reach a different conclusion is that they misinterpret the Paradox, omit available data, overlook problems of data comparability, err in the measurement of economic growth, or, most importantly, fail to focus on long-term rather than short-term growth rates.

Suggested Citation

  • Easterlin, Richard A., 2017. "Paradox Lost?," Review of Behavioral Economics, now publishers, vol. 4(4), pages 311-339, December.
  • Handle: RePEc:now:jnlrbe:105.00000068
    DOI: 10.1561/105.00000068
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Paradox Lost?
      by maximorossi in NEP-LTV blog on 2016-02-19 01:06:22

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    Cited by:

    1. is not listed on IDEAS
    2. Neila Ben Afia and Sana Harbi, 2017. "Empirical Analysis of the Relationship between Military Endeavor, Economic Growth and Happiness," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 42(2), pages 51-66, June.
    3. Obschonka, Martin & Stuetzer, Michael & Peter, Rentfrow & Jeff, Potter & Samuel, Gosling, 2017. "Did Strategic Bombing in the Second World War lead to ‘German Angst’? A large-scale empirical test across 89 German cities," MPRA Paper 83680, University Library of Munich, Germany.
    4. Nikolova, Milena, 2016. "Happiness and Development," IZA Discussion Papers 10088, Institute of Labor Economics (IZA).
    5. Karen Maguire & John V. Winters, 2016. "Energy Boom and Gloom? Local Effects of Oil and Natural Gas Drilling on Subjective Well-Being," Economics Working Paper Series 1607, Oklahoma State University, Department of Economics and Legal Studies in Business.

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    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • D60 - Microeconomics - - Welfare Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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