Does economic prosperity bring about a happier society? Empirical remarks on the Easterlin Paradox debate

Edsel Beja

MPRA Paper from University Library of Munich, Germany

Abstract: Empirical analysis confirms the Easterlin Paradox: there is indeed a statistically significant and positive, albeit very small, relationship between economic growth and happiness. Notwithstanding a conclusion based on statistical significance, economic analysis of the results, on the other hand, still affirms the Easterlin Paradox: there is little economic significance in a very small estimate of the relationship between economic growth and happiness. An argument can also be forwarded that the increase in happiness is not an automatic outcome of economic growth because happiness is more than about income.

Keywords: Easterlin Paradox; economic growth; happiness; time (search for similar items in EconPapers)
JEL-codes: A2 C4 I3 O4 (search for similar items in EconPapers)
Date: 2013-09-02
New Economics Papers: this item is included in nep-fdg, nep-hap and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/49446/1/MPRA_paper_49446.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:49446

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().