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Does economic prosperity bring about a happier society? Mathematical remarks on the Easterlin Paradox debate

  • Beja Jr, Edsel
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    The Easterlin Paradox—the perceived absence of a relationship between economic progress and happiness—is one of the most important continuing debates in economics. Yet, both sides of the extant debate are anchored on valid mathematical arguments. The preponderance of evidence is therefore necessary to resolve the Easterlin Paradox.

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    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 48229.

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    Date of creation: 12 Jul 2013
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    Handle: RePEc:pra:mprapa:48229
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    1. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July.
    2. Sacks, Daniel W. & Stevenson, Betsey & Wolfers, Justin, 2013. "The New Stylized Facts About Income and Subjective Well-Being," CEPR Discussion Papers 9280, C.E.P.R. Discussion Papers.
    3. Stevenson, Betsey & Wolfers, Justin, 2013. "Subjective Well‐Being and Income: Is There Any Evidence of Satiation?," IZA Discussion Papers 7353, Institute for the Study of Labor (IZA).
    4. Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative income, happiness, and utility: An explanation for the Easterlin paradox and other puzzles," Post-Print halshs-00754299, HAL.
    5. Oswald, A.J., 1997. "Happiness and Economic Performance," Papers 18, Centre for Economic Performance & Institute of Economics.
    6. Richard Easterlin, 2005. "Diminishing Marginal Utility of Income? Caveat Emptor," Social Indicators Research, Springer, vol. 70(3), pages 243-255, 02.
    7. Ed Diener & Robert Biswas-Diener, 2002. "Will Money Increase Subjective Well-Being?," Social Indicators Research, Springer, vol. 57(2), pages 119-169, February.
    8. Eduardo Lora & Juan Camilo Chaparro, 2008. "The Conflictive Relationship between Satisfaction and Income," IDB Publications (Working Papers) 6752, Inter-American Development Bank.
    9. Angus Deaton, 2008. "Income, Health, and Well-Being around the World: Evidence from the Gallup World Poll," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 53-72, Spring.
    10. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-84, July.
    11. Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
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