April 17, 2008
Economic Growth and Subjective Well-Being (Happiness)
In a recent paper two UPenn scholars challenge the idea that above a level that meets basic needs relative income determines happiness much more than absolute income, a theory originally put forward by Richard Easterlin in 1974. The paper is: Betsey Stevenson & Justin Wolfers, Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox (Draft 4/16/2008). The New York Times coverage, as well as their country by country / income map of happiness provides a good summary, though the paper itself includes many other charts of interest.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Economic Growth and Subjective Well-Being (Happiness):
Tracked on Sep 17, 2009 10:42:04 AM
Tracked on Sep 22, 2009 12:54:00 AM