TY - RPRT AU - Senik, Claudia TI - Is Man Doomed to Progress? PY - 2006/Jul/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 2237 UR - https://www.iza.org/index.php/publications/dp2237 AB - This paper is dedicated to the empirical exploration of the welfare effect of expectations and progress per se. Using ten waves of the Russian Longitudinal Monitoring Survey, a panel household survey rich in subjective variables, the analysis suggests that for a given total stock of inter-temporal consumption, agents are more satisfied with an increasing time-profile of consumption: they seem to have a strong “taste for improvement”. KW - panel data KW - subjective happiness KW - growth KW - expectations KW - adaptation ER -