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Is man doomed to progress?

Citation

Senik, Claudia (2008). Is man doomed to progress?. Journal of Economic Behavior and Organization, 68(1), 140-152.

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.

URL

http://dx.doi.org/10.1016/j.jebo.2008.03.004

Reference Type

Journal Article

Year Published

2008

Journal Title

Journal of Economic Behavior and Organization

Author(s)

Senik, Claudia