Testing the Easterlin Paradox: Results and Policy Implications

Edsel Beja

MPRA Paper from University Library of Munich, Germany

Abstract: The Easterlin Paradox is about the contradiction between an evidence of a short-run relationship between happiness and income growth and no evidence of a long-run relationship between happiness and income growth. The paper argues that there is confirmation of the Easterlin Paradox when the magnitude of the estimated long-run relationship is practically equal to zero notwithstanding its statistical significance. The findings of the paper support the Easterlin Paradox.

Keywords: Easterlin Paradox; cointegration; autoregressive distributed lag (search for similar items in EconPapers)
JEL-codes: C1 I31 (search for similar items in EconPapers)
Date: 2018-02-10
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:101075

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