Testing the easterlin paradox: Results and policy implications
Journal of Behavioral Economics for Policy, 2018, vol. 2, issue 2, 79-83
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: C30 I31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:beh:jbepv1:v:2:y:2018:i:2:p:79-83
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