Latest Easterlin paradox Stories
Economists have shed light on the vexed question of whether economic development can buy happiness – and it seems that life satisfaction actually dips among people living in the wealthiest countries.
Money may not buy happiness, but a new study shows that increasing personal income can have a positive effect on a person’s satisfaction.
A new collaborative paper by economist Richard Easterlin â€” namesake of the "Easterlin Paradox" and founder of the field of happiness studies â€” offers the broadest range of evidence to date demonstrating that a higher rate of economic growth does not result in a greater increase of happiness.
- The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
- In medicine, cauterization.