scholarly journals Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox

2008 ◽  
Vol 2008 (1) ◽  
pp. 1-87 ◽  
Author(s):  
Betsey Stevenson ◽  
Justin Wolfers
Keyword(s):  
Economic Growth ◽  
Well Being ◽  
Subjective Well Being ◽  
Easterlin Paradox

Economics of Subjective Well-Being

2018 ◽  
Author(s):  
Anke C Plagnol ◽  
Lucia Macchia
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Well Being ◽  
Domestic Product ◽  
Subjective Well Being ◽  
Easterlin Paradox ◽  
Individual Level ◽  
Seminal Article ◽  
The Individual ◽  
Over Time

In 1974 economist Richard A. Easterlin asked in his seminal article “Does economic growth improve the human lot?” His answer to this question was a resounding no. The paper described what was later to be known as the Easterlin paradox, which is the observation that at one point in time rich nations are on average happier than poor nations, but over time there is no relationship between happiness and gross domestic product (GDP). The Easterlin paradox can also be found at the individual level. Easterlin’s paper is often described as starting the field of the economics of subjective well-being. The Easterlin paradox has been the topic of many published articles, with numerous studies supporting the original findings and some refuting them. This chapter describes the Easterlin paradox and recent evidence confirming or rejecting its existence. Other developments in the economics of subjective well-being are also discussed.

scholarly journals Psychocapital and Shangri-Las: How happiness became both a means and end to governmentality

2013 ◽  
Vol 5 (1) ◽  
pp. 36-50 ◽  
Author(s):  
F. Mckay
Keyword(s):  
Economic Growth ◽  
Well Being ◽  
Subjective Well Being ◽  
The Past ◽  
Means And Ends ◽  
History Of ◽  
The Uk ◽  
Mental Well Being ◽  
Politics Of Happiness

In this paper a paradox is revealed in the politics of well-being over the means and ends of happiness. That paradox, in brief, is that although happiness is argued to be the ultimate end of all governmentality, in order to serve as that end, it first needs to be translated into a means for bolstering the economy, for only that way can a teleology of happiness gain a foothold in a world which prioritizes economic growth as an end in itself. To show this the paper gives a history of subjective well-being (SWB) research, and contrasts it with the politics of happiness in the UK, where SWB has in the past decade been translated into a discourse around the psychological wealth of the nation via the concepts of mental capital (MC) and mental well-being (MWB).

scholarly journals Why Do Advantaged People Feel Unhappy? Effects of Materialistic Values on Subjective Well-Being

2019 ◽  
Vol 5 ◽  
pp. 237802311985391
Author(s):  
Naoki Sudo
Keyword(s):  
Social Mobility ◽  
Social Stratification ◽  
Regression Models ◽  
Social Values ◽  
Well Being ◽  
Finite Mixtures ◽  
Subjective Well Being ◽  
Easterlin Paradox ◽  
Materialistic Values ◽  
The Relationship

This article aims to explore the relationship between income and happiness. As shown by the Easterlin paradox, the relationship between income and happiness is not simple but indeed is rather complicated. The author used finite mixtures of regression models to analyze the data from the National Survey of Social Stratification and Social Mobility conducted in Japan and implemented computer simulations based on the results of the finite mixtures of regression models to examine how changes in social values influence the relationship between income and happiness. Analytical results revealed that people can be categorized into two latent classes: one dominated by materialistic values and the other eschewing materialistic values. Moreover, they clarified that materialistic values have ambivalent influences on individual happiness and average happiness in society. It is concluded that the diffusion of materialistic values might cause paradoxical relationships between income and happiness.

scholarly journals The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data

2018 ◽  
Vol 100 (2) ◽  
pp. 362-375 ◽  
Author(s):  
Jan-Emmanuel De Neve ◽  
George Ward ◽  
Femke De Keulenaer ◽  
Bert Van Landeghem ◽  
Georgios Kavetsos ◽  
...  
Keyword(s):  
Economic Growth ◽  
Well Being ◽  
Subjective Well Being ◽  
Global Evidence
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