TY  - RPRT
        AU  - Easterlin, Richard A.
        TI  - Paradox Lost?
        PY  - 2016/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9676
        UR  - https://www.iza.org/publications/dp9676
        AB  - 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.
        KW  - Easterlin Paradox
KW  - economic growth
KW  - income
KW  - happiness
KW  - life satisfaction
KW  - subjective well-being
KW  - transition countries
KW  - less developed nations
KW  - developed countries
KW  - long-term
KW  - short-term
KW  - trends
KW  - fluctuations
        ER  -