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 … for the contradiction is social comparison. At a point in time those with higher income are happier because they are …

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 … for the contradiction is social comparison. At a point in time those with higher income are happier because they are …

The striking thing about the happiness-income paradox is that over the long-term - usually a period of 10 y or more … - happiness does not increase as a country's income rises. Heretofore the evidence for this was limited to developed countries …. This article presents evidence that the long term nil relationship between happiness and income holds also for a number of …

income, consumption, human capital and assets, and, ultimately, a reduction in poverty. … poverty. Yet, the question of whether access to credit leads to poverty reduction and improved wellbeing remains open. To …