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Is man doomed to progress?

[journal article]

Senik, Claudia

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Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-264000

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Abstract This paper is dedicated to the empirical exploration of the welfare effect of expectations and progress per se. Using 10 waves of the Russian Longitudinal Monitoring Survey (RLMS), a panel household survey rich in subjective variables, the analysis suggests that for a given total stock of inter-temporal consumption, agents are more satisfied with an increasing time profile of consumption: they seem to have a strong "taste for improvement". This contributes to qualify the "Easterlin paradox" that income growth does not make people happy.
Classification Sociology of Economics; Political Economy
Free Keywords Expectations; Growth; Subjective happiness; Adaptation; Panel data; C23; D31; D84; D91; I31; Z13
Document language English
Publication Year 2008
Page/Pages p. 140-152
Journal Journal of Economic Behavior & Organization, 68 (2008) 1
DOI http://dx.doi.org/10.1016/j.jebo.2008.03.004
Status Postprint; reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)
Document Type journal article
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