End of the Easterlin Paradox?

April 18, 2008

Does money buy happiness?  A new paper by Stevenson and Wolfers suggests that it can, overturning the 1974 Easterlin Paradox that said that it doesn’t.   Easterlin of course immediatly resorts to culture to defend his paradox.  But apparently even Daniel Kahnaman finds the paper somewhat compelling

The pair also write about trends in marriage and divorce.  


One Response to “End of the Easterlin Paradox?”

  1. Anonymous Says:

    There are different opinions on this. I enjoyed your viewpoint. Keep up the good work, Joseph Copeland ~ Lna pengar

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