@TechReport{iza:izadps:dp9676, author={Easterlin, Richard A.}, title={Paradox Lost?}, year={2016}, month={Jan}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={9676}, url={https://www.iza.org/index.php/publications/dp9676}, abstract={Or Paradox Regained? The answer is Paradox Regained. New data confirm that for countries worldwide long-term trends in happiness and real GDP per capita are not significantly positively related. The principal reason that Paradox critics reach a different conclusion, aside from problems of data comparability, is that they do not focus on identifying long-term trends in happiness. For some countries their estimated growth rates of happiness and GDP are not trend rates, but those observed in cyclical expansion or contraction. Mixing these short-term with long-term growth rates shifts a happiness-GDP regression from a horizontal to positive slope.}, keywords={Easterlin Paradox;economic growth;income;happiness;life satisfaction;subjective well-being;transition countries;less developed nations;developed countries;long-term;short-term;trends;fluctuations}, }