The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Income and Happiness: Towards a Unified Theory
Abstract
Material aspirations are initially fairly similar among income groups; consequently more income brings greater happiness. Over the life cycle, however, aspirations grow along with income, and undercut the favourable effect of income growth on happiness, although the cross‐sectional happiness‐income difference persists. People think they were less happy in the past and will be happier in the future, because they project current aspirations to be the same throughout the life cycle, while income grows. But since aspirations actually grow along with income, experienced happiness is systematically different from projected happiness. Consequently, choices turn out to be based on false expectations.
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Citations
Cites
Happiness Is a Stochastic Phenomenon
Lykken, D., & Tellegen, A. (1996) · Psychological Science · doi:10.1111/j.1467-9280.1996.tb00355.x · Cited by 1,719
Cited by
Developments in the Measurement of Subjective Well-Being
Kahneman, D., & Krueger, A. B. (2006) · Journal of Economic Perspectives · doi:10.1257/089533006776526030 · Cited by 3,177
Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles
Clark, A. E., Frijters, P., & Shields, M. A. (2008) · Journal of Economic Literature · doi:10.1257/jel.46.1.95 · Cited by 3,159
A contextual-bandit approach to personalized news article recommendation
Li, L., Chu, W., Langford, J., & Schapire, R. E. (2010) · Proceedings of the 19th international conference on World wide web · doi:10.1145/1772690.1772758 · Cited by 2,562
Refining the relationship between personality and subjective well-being.
Steel, P., Schmidt, J., & Shultz, J. (2008) · Psychological Bulletin · doi:10.1037/0033-2909.134.1.138 · Cited by 1,794
The role of income aspirations in individual happiness
Stutzer, A. (2004) · Journal of Economic Behavior & Organization · doi:10.1016/j.jebo.2003.04.003 · Cited by 1,049
Metadata
- Authors
- Easterlin, R. A.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2001-07-01
- Volume
- 111
- Issue
- 473
- Pages
- 465-484
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W2041540949
- Cited by
- 2,521
- References
- 1
- FWCI
- 65.24
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
