English Explanatory Dictionary

Easterlin paradox

English dictionary entry

Meanings

name
  1. The apparently paradoxical observation that people's reported happiness varies directly with income both among and within nations, but over time happiness does not trend upward as income continues to grow.

Word forms

Easterlin paradox

Etymology

Named for the economist Richard Easterlin, who discussed the factors contributing to happiness in a 1974 book chapter.

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