The Easterlin Paradox states that at a point in time happiness varies directly with income, both among and within … nations, but over time the long-term growth rates of happiness and income are not significantly related. The principal reason … vitiates the otherwise positive effect of own-income growth on happiness. Critics of the Paradox mistakenly present the …

This paper estimates Markov switching models with daily happiness (GNH) data from New Zealand for a period inclusive of … the Covid-19 global health pandemic. This helps us understand the dynamics of happiness due to an external shock and … states of happiness and estimate the duration in these states. In addition, as maximising happiness is a policy priority, we …