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

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  • Beja Jr, Edsel

Abstract

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.

Suggested Citation

  • Beja Jr, Edsel, 2013. "Does economic prosperity bring about a happier society? Mathematical remarks on the Easterlin Paradox debate," MPRA Paper 48229, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:48229
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    References listed on IDEAS

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    More about this item

    Keywords

    Easterlin Paradox; economic growth; income; time; happiness;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • D00 - Microeconomics - - General - - - General
    • E0 - Macroeconomics and Monetary Economics - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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