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La croissance rend-elle heureux ? La réponse des données subjectives

Listed author(s):
  • Claudia Senik

    (PSE - Paris School of Economics, UP4 - Université Paris-Sorbonne, PSE - Paris-Jourdan Sciences Economiques - ENS Paris - École normale supérieure - Paris - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

  • Andrew E. Clark

    (PSE - Paris School of Economics, PSE - Paris-Jourdan Sciences Economiques - ENS Paris - École normale supérieure - Paris - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, IZA - Institute for the Study of Labor - IZA)

The well-known Easterlin Paradox notes that, at the aggregate level, GDP growth does not seem to produce higher levels of well-being. Subjective Well-Being Data allow us to model directly the relationship between well-being and income. Empirical work then uncovers correlations that are consistent with social comparisons, adaptation and anticipations: these together may well produce a net correlation between well-being and income that is close to zero. Anticipations about future income play a positive role in individual well-being. The relationship between anticipations and others' income is key in this research. In a more mobile world, others' higher income may increase my well-being, because I have a good chance of sharing their good fortune in the future; in a less mobile world, others' income may reduce my well-being, as others' higher income tells me little about my own future prospects, and sentiments of envy prevail.

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File URL: https://halshs.archives-ouvertes.fr/halshs-00588314/document
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Paper provided by HAL in its series PSE Working Papers with number halshs-00588314.

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Date of creation: Mar 2007
Handle: RePEc:hal:psewpa:halshs-00588314
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00588314
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