The relationship between happiness and income is puzzling. At a point in time,
those with more income are, on average, happier than those with less. Over the
life cycle, however, the average happiness of a cohort remains constant despite
substantial income growth. Moreover, even though a cohort's experienced
happiness remains constant throughout the life span, people typically think
that they were worse off in the past and will be better off in the future.
Can economic theory explain these paradoxical observations? Perhaps, with
some amendment for systematic change in material preferences or aspirations.
In what follows, after a brief discussion of the concept of happiness and the
nature of these paradoxical relationships, I suggest a model to explain them,
and present some supporting evidence.
The relationship between happiness and income is puzzling. At a point in time,
those with more income are, on average, happier than those with less. Over the
life cycle, however, the average happiness of a cohort remains constant despite
substantial income growth. Moreover, even though a cohort's experienced
happiness remains constant throughout the life span, people typically think
that they were worse off in the past and will be better off in the future.
Can economic theory explain these paradoxical observations? Perhaps, with
some amendment for systematic change in material preferences or aspirations.
In what follows, after a brief discussion of the concept of happiness and the
nature of these paradoxical relationships, I suggest a model to explain them,
and present some supporting evidence.
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The relationship between happiness and income is puzzling. At a point in time,
those with more income are, on average, happier than those with less. Over the
life cycle, however, the average happiness of a cohort remains constant despite
substantial income growth. Moreover, even though a cohort's experienced
happiness remains constant throughout the life span, people typically think
that they were worse off in the past and will be better off in the future.
Can economic theory explain these paradoxical observations? Perhaps, with
some amendment for systematic change in material preferences or aspirations.
In what follows, after a brief discussion of the concept of happiness and the
nature of these paradoxical relationships, I suggest a model to explain them,
and present some supporting evidence.
การแปล กรุณารอสักครู่..
