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Published with the IZA, this volume presents Richard Easterlin's outstanding research on the analysis of subjective well-being, and on the relationship between demographic developments and economic outcomes. In both fields, his work has laid the foundations for enlarging the scope of traditional economic analysis and has increased our understanding of behaviour in several important domains, such as fertility choices, labour market behaviour, and the determinants of individual well-being. In various seminal contributions, Easterlin has demonstrated the importance of material aspirations and relative economic status for human behaviour. This book is a collection of 11 of his key papers, revised and edited to make a cohesive book. New material includes an Introduction from the editors, two section Introductions from Easterlin, and an Epilogue from Easterlin.
List of contents
- I. Introduction by the Editors: Shaping the Economics of Happiness- The Fundamental Contributions of Richard Easterlin
- II. Growth and Happiness
- Introduction
- 1: Does Economic Growth Improve the Human Lot? Some Empirical Evidence
- 2: Will Raising the Incomes of All Increase the Happiness of All?
- 3: Happiness and Economic Growth: Does the Cross-Section Predict Time Trends? Evidence from Developing Countries
- 4: Lost in Transition: Life Satisfaction on the Road to Capitalism
- 5: Happiness and Growth the World Over: Time Series Evidence on the Happiness-Income Paradox
- III. Life Cycle Happiness
- Introduction
- 6: Income and Happiness: Towards a Unified Theory
- 7: Life Cycle Happiness and its Sources: Intersections of Psychology, Economics, and Demography
- 8: The Cross-Over in the Life Cycle Happiness of American Women and Men
- 9: Aspirations, Attainments, and Satisfaction: Life Cycle Differences between American Women and Men
- 10: Happiness and Domain Satisfaction: New Directions for the Economics of Happiness
- 11: Explaining Happiness
- IV. Epilogue
Summary
The second in a series of books published with the IZA and honoring the work of its annual prize winners in labour economics. It presents Richard Easterlin's outstanding research on the analysis of subjective well-being, and on the relationship between demographic developments and economic outcomes.
