A paradox resolved

Adrian Furnham
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Adrian Furnham: University College London

Chapter 46 in Managing People in a Downturn, 2011, pp 137-138 from Palgrave Macmillan

Abstract: Abstract In 1973, an economist called Easterlin published a paper that has worried economists ever since. He showed, as have others, that wealth is, in effect, unrelated to happiness. Now very famous, a graph from that work has been reproduced many times. It shows, using American data, two lines over a 50-year period: the one wealth and the other happiness. Wealth goes up steadily, happiness remains flat.

Keywords: Human Resource Management; Social Comparison; Hourly Wage; Median Household Income; Office Management (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30720-9_47

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DOI: 10.1057/9780230307209_47

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