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happiness-income paradox revisited

Proceedings of the National Academy of Sciences - PNAS, 2010-12, Vol.107 (52), p.22463-22468 [Peer Reviewed Journal]

Copyright National Academy of Sciences Dec 28, 2010 ;ISSN: 0027-8424 ;EISSN: 1091-6490 ;DOI: 10.1073/pnas.1015962107 ;PMID: 21149705

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Title:
happiness-income paradox revisited
Author: Easterlin, Richard A ; McVey, Laura Angelescu ; Switek, Malgorzata ; Sawangfa, Onnicha ; Zweig, Jacqueline Smith
Subjects: Attitude surveys ; Developed countries ; Developing Countries ; Economic growth rate ; Economic transitions ; Female ; Gross domestic product ; Happiness ; Humans ; Income - statistics & numerical data ; Industrialized nations ; Latin America ; Male ; Paradoxes ; Personal income ; Personal Satisfaction ; Psychological aspects ; Regression Analysis ; Regression coefficients ; Social Sciences ; Time series ; Wellbeing
Is Part Of: Proceedings of the National Academy of Sciences - PNAS, 2010-12, Vol.107 (52), p.22463-22468
Description: The striking thing about the happiness-income paradox is that over the long-term --usually a period of 10 y or more--happiness does not increase as a country's income rises. Heretofore the evidence for this was limited to developed countries. This article presents evidence that the long term nil relationship between happiness and income holds also for a number of developing countries, the eastern European countries transitioning from socialism to capitalism, and an even wider sample of developed countries than previously studied. It also finds that in the short-term in all three groups of countries, happiness and income go together, i.e., happiness tends to fall in economic contractions and rise in expansions. Recent critiques of the paradox, claiming the time series relationship between happiness and income is positive, are the result either of a statistical artifact or a confusion of the short-term relationship with the long-term one.
Publisher: United States: National Academy of Sciences
Language: English
Identifier: ISSN: 0027-8424
EISSN: 1091-6490
DOI: 10.1073/pnas.1015962107
PMID: 21149705
Source: Geneva Foundation Free Medical Journals at publisher websites
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happiness-income paradox revisited

Copyright National Academy of Sciences Dec 28, 2010 ;ISSN: 0027-8424 ;EISSN: 1091-6490 ;DOI: 10.1073/pnas.1015962107 ;PMID: 21149705

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