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.2008.03.004Reference Type
Journal Article
Year Published
2008
Journal Title
Journal of Economic Behavior and Organization
Author(s)
Senik, Claudia