Oswald, Andrew J.; Powdthavee, Nattavudh - Institute for the Study of Labor (IZA) - 2007
Is affluence a good thing? The book The Challenge of Affluence by Avner Offer (2006) argues that economic prosperity weakens self-control and undermines human well-being. Consistent with a pessimistic view, we show that psychological distress has been rising through time in modern Great Britain....