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The happiness–income paradox revisited

Open access
Easterlin, Richard A., McVey, Laura Angelescu, Switek, Malgorzata, Sawangfa, Onnicha, Zweig, Jacqueline Smith·2010·Proceedings of the National Academy of Sciences

Abstract

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.

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Citations

Cites

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Metadata

Authors
Easterlin, R. A., McVey, L. A., Switek, M., Sawangfa, O., & Zweig, J. S.
Venue
Proceedings of the National Academy of Sciences
Published
2010-12-13
Volume
107
Issue
52
Pages
22463-22468
ISSN
  • 0027-8424 (ISSN-L)
  • 1091-6490
OpenAlex
W2022012233
Cited by
1,009
References
3
FWCI
46.71
Type
journal article
Language
en
Open access
green

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