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Is man doomed to progress?
[journal article]
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-temp... view more
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.... view less
Classification
Political Economy
Sociology of Economics
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
https://doi.org/10.1016/j.jebo.2008.03.004
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)