%0 Report
        %A Easterlin, Richard A.
        %T Paradox Lost?
        %D 2016
        %8 2016 Jan
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 9676
        %U https://www.iza.org/publications/dp9676
        %X 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.
        %K Easterlin Paradox
%K economic growth
%K income
%K happiness
%K life satisfaction
%K subjective well-being
%K transition countries
%K less developed nations
%K developed countries
%K long-term
%K short-term
%K trends
%K fluctuations