Document Type
Article
Publication Date
2018
Abstract
The Easterlin Paradox is about the contradiction between an evidence of a short-run relationship between happiness and income growth and no evidence of a long-run relationship between happiness and income growth. The paper argues that there is confirmation of the Easterlin Paradox when the magnitude of the estimated long-run relationship is practically equal to zero notwithstanding its statistical significance. The findings of the paper support the Easterlin Paradox.
Recommended Citation
Beja, Edsel L. Jr, (2018). Testing the easterlin paradox: Results and policy implications. Archīum.ATENEO.
https://archium.ateneo.edu/economics-faculty-pubs/128