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Gross National Happiness As an Answer to the Easterlin Paradox?
Wealth and Poverty Happiness Employment Income Characteristics Mathematical Methods
2015/5/14
The Easterlin Paradox refers to the fact that happiness data are typically stationary in spite of considerable increases in income. This amounts to a rejection of the hypothesis that current income is...
Happiness Adaptation to Income and to Status in an Individual Panel
Wages Status and Position Happiness Income Characteristics Change Germany
2015/5/14
We study adaptation to income and to status using individual panel data on the happiness of 7,812 people living in Germany from 1984 to 2000. Specifically, we estimate a "happiness equation" defined o...
Inequality and Happiness:Are Europeans and Americans Different?
Equality and Inequality Happiness Global Range Local Range United States Europe
2015/5/13
We study the effect of the level of inequality in society on individual well-being using a total of 123,668 answers to a survey question about ‘‘happiness’’. We find that individuals have a lower tend...
A Formal Economic Theory for Happiness Studies: A Solution to the Happiness-Income Puzzle
Economics of Happiness Happiness-Income Puzzle Reference Group Theory Pareto Optimality
2010/7/2
This paper develops a formal economic theory that is mainly proposed to explain and study the Easterlin paradox — a puzzle at the heart of our lives: average happiness levels do not increase as countr...
How are Income and Non-Income Factors Different in Promoting Happiness? An Answer to the Easterlin Paradox
Easterlin Paradox Social Comparison Pareto Optimality
2010/7/2
This paper develops a formal economic theory to explain the Easterlin paradox|average happiness levels do not increase as countries grow wealthier. The theory analyzes the different roles of the incom...
HAPPINESS AND PARETO
HAPPINESS PARETO
2014/6/24
While the utilitarian notion of ‘h appiness ’is unsatisfactory, widespread interest in the subject suggests that economists are recognising the importance of relative income status , particularly in...
THE ECONOMY OF HAPPINESS
ECONOMY HAPPINESS
2014/6/25
Happiness in philosophical ethics and utility or satisfaction in economics have much in common. The paper investigates the ethical economy of happiness as a joint topic of ethical and economic theory....