- Volume 64 Issue 1
The Easterlin Paradox is widely accepted as a pioneer of happiness study in social science disciplines including Economics, Psychology, and Sociology. Moreover, it should be noted, the paradox has abundant implications on many social issues such as 'economic growth or social equity', 'basic income' and so forth. It is in this regard that this paper purports to understand debates around the paradox. For this purpose, the chapter two examines the theoretical perspectives of the Easterlin Paradox, and accordingly the chapter three examines the Easterlin Paradox debates since the early 1990s. In the context of the Easterlin paradox debates, the chapter four scrutinizes the debates around satiation point in income-happiness nexus and duly concludes with some social welfare implications.
Easterlin Paradox;Happiness Economics;Life Satisfaction;Satiation point;Adaptation;Relative Income Hypothesis;Habit Formation;Interdependent Preferences;Aspiration Treadmill;Needs Theory;Needs-Gratification Model;Durable Cultural Components;Diminishing Marginal Utility of Money
Supported by : 서강대학교