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Happiness, Income, and Beyond

Abstract  

This commentary to Carol Graham’s paper deals with the nature of the relationship between income and happiness. Carol Graham
focuses her contribution on what I call the positive-coefficient hypothesis in economic theory; which states that, on average,
well-being rises with income. The hypothesis was first questioned by Richard Easterlin’s pioneering work and it has captured
a lot of attention from happiness researchers during the last decade. My contribution deals with a related hypothesis, which
I call the close-relationship hypothesis in economic theory. The hypothesis states that a person’s income is a good predictor
of his or her well-being. I show that this hypothesis is rejected by happiness research, and I discuss the implications of
this rejection.

  • Content Type Journal Article
  • Pages 1-12
  • DOI 10.1007/s11482-011-9153-7
  • Authors
    • Mariano Rojas, FLACSO-Mexico & UPAEP, Mexico City, Mexico
    • Journal Applied Research in Quality of Life
    • Online ISSN 1871-2576
    • Print ISSN 1871-2584
Posted in: Journal Article Abstracts on 07/29/2011 | Link to this post on IFP |
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