Debunking the Easterlin Paradox, Again

I've written here before about my research with Betsey Stevenson showing that economic development is associated with rising life satisfaction. Some people find this result surprising, but it's the cleanest interpretation of the available data. Yet over the past few days, I've received calls from several journalists asking whether Richard Easterlin had somehow debunked these findings. He tried. But he failed.

Honoring Dick Easterlin

The Bonn-based Institute for the Study of Labor (IZA) has just announced that this year’s winner of its annual prize in labor economics is happiness researcher Richard Easterlin. This is a wonderful prize. Dick was the first economist to start taking subjective well-being data seriously. While this sort of research is now pretty mainstream, I […]