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The Easterlin Paradox refers to the fact that happiness data are typically stationary in spite of considerable increases in income. This amounts to a rejection of the hypothesis that current income is...
We study adaptation to income and to status using individual panel data on the happiness of 7,812 people living in Germany from 1984 to 2000. Specifically, we estimate a "happiness equation" defined o...
We study the effect of the level of inequality in society on individual well-being using a total of 123,668 answers to a survey question about ‘‘happiness’’. We find that individuals have a lower tend...
This paper develops a formal economic theory that is mainly proposed to explain and study the Easterlin paradox — a puzzle at the heart of our lives: average happiness levels do not increase as countr...
This paper develops a formal economic theory to explain the Easterlin paradox|average happiness levels do not increase as countries grow wealthier. The theory analyzes the different roles of the incom...
HAPPINESS AND PARETO     HAPPINESS  PARETO       2014/6/24
While the utilitarian notion of ‘h appinessis unsatisfactory, widespread interest in the subject suggests that economists are recognising the importance of relative income status , particularly in...
THE ECONOMY OF HAPPINESS     ECONOMY  HAPPINESS       2014/6/25
Happiness in philosophical ethics and utility or satisfaction in economics have much in common. The paper investigates the ethical economy of happiness as a joint topic of ethical and economic theory....

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