Is man doomed to progress?

Citation:

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

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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

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Reference Type:
JOUR

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Author(s):
Senik, Claudia

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Year Published:
2008

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Journal Name:
Journal of Economic Behavior and Organization

Volume Number:
68

Issue Number:
1

Start Page Number:
140-152

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DOI:
10.1016/j.jebo.2008.03.004

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Reference ID:
317

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