A closer look at the Easterlin Paradox

Angeles, L. (2011) A closer look at the Easterlin Paradox. Journal of Socio-Economics, 40(1), pp. 67-73. (doi:10.1016/j.socec.2010.06.017)

Angeles, L. (2011) A closer look at the Easterlin Paradox. Journal of Socio-Economics, 40(1), pp. 67-73. (doi:10.1016/j.socec.2010.06.017)

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Abstract

This paper argues that increasing average incomes and stagnating levels of happiness, as observed in the United States since the 1970s, do not constitute a paradox. First, we show that the effect of higher incomes has been more than counteracted by changes in other socioeconomic variables, notably the prevalence of marriage and divorce. Second, we show that the effect of a given amount of real income on happiness has not changed between the 1970s and the early 2000s.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Angeles, Dr Luis
Authors: Angeles, L.
Subjects:H Social Sciences > HB Economic Theory
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of Socio-Economics
ISSN:1053-5357
Published Online:06 July 2010

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