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Article Dans Une Revue International Review of Economics Education Année : 2017

Happiness, income and poverty

Résumé

There is considerable evidence from a variety of sources to suggest that well-being is a function of relative income. These findings have been used to explain the Easterlin Paradox, whereby a rise in income for all does not lead to a rise in average happiness in a country (even though the cross section relationship between income and happiness is positive). This relativity of utility has led to calls for policy to focus away from GDP. I here first discuss some of the evidence that well-being is indeed relative in income, but then consider two relatively little-analysed issues to suggest that there may continue to be a role for GDP per capita in happiness-based policy: the inequality of subjective well-being, and the specific case of those in income poverty.
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Dates et versions

halshs-01630349 , version 1 (07-11-2017)

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Andrew E. Clark. Happiness, income and poverty. International Review of Economics Education, 2017, 64 (2), pp.145-158. ⟨10.1007/s12232-017-0274-7⟩. ⟨halshs-01630349⟩
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