on income. This paper provides estimates of the effects of trade and immigration on income in a unified framework. We … income per capita unaffected because of an offsetting negative effect on TFP. In contrast, trade flows appear to increase … income per capita, mainly through TFP growth, and have no impact on the employment rate. The positive employment effect of …

This paper asks what low-income countries can expect from growth in terms of happiness. It interprets the set of … available international evidence pertaining to the relationship between income growth and subjective well-being. Consistent with … the Easterlin paradox, higher income is always associated with higher happiness scores, except in one case: whether growth …