Income: Easterlin Paradox

Li Way Lee () and Aaron Keathley ()
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Li Way Lee: Wayne State University
Aaron Keathley: Wayne State University

Chapter Chapter 41 in 45 Conversations About Behavioral Economics, 2022, pp 169-171 from Springer

Abstract: Abstract There are surveys of “life satisfaction” across countries. There is a puzzle in the surveys. Take, for example, two small groups: (a) Denmark, U.S., France and (b) Costa Rica, New Zealand, Switzerland. In both groups, income seems to make no difference to life satisfaction. What is going on?

Date: 2022
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DOI: 10.1007/978-3-031-05046-6_41

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