Economic Growth Evens Out Happiness: Evidence from Six Surveys - HAL-SHS - Sciences de l'Homme et de la Société
Journal Articles Review of Income and Wealth Year : 2016

Economic Growth Evens Out Happiness: Evidence from Six Surveys

Abstract

In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality has fallen in countries that have experienced income growth (but not in those that did not). Modern growth has reduced the share of both the “very unhappy” and the “perfectly happy.” Lower happiness inequality is found both between and within countries, and between and within individuals. Our cross-country regression results suggest that the extension of various public goods helps to explain this greater happiness homogeneity. This new stylized fact arguably comes as a bonus to the Easterlin paradox, offering a somewhat brighter perspective for developing countries.
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Dates and versions

halshs-01383827 , version 1 (08-12-2023)

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Andrew E. Clark, Sarah Flèche, Claudia Senik. Economic Growth Evens Out Happiness: Evidence from Six Surveys. Review of Income and Wealth, 2016, 62 (3), pp.405-419. ⟨10.1111/roiw.12190⟩. ⟨halshs-01383827⟩
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