Graham, C. (2005). Insights on Development from the economics of happiness. The World Bank Research Observer, 20(2), 201-231.
The literature on the economics of happiness in developed economies finds discrepancies between reported measures of well-being and income measures. One is the so-called Easterlin paradox: that average happiness levels do not increase as countries grow wealthier. This article explores how that paradox—and survey research on reported well-being in general—can provide insights into the gaps between standard measures of economic development and individual assessments of ...