Word: easterlin
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...happiness, much of the interest in it stems from the 1974 discovery by University of Southern California economist Richard Easterlin that the happiness of a nation's inhabitants didn't necessarily rise with its GDP. But the recent explosion in happiness surveys has enabled a soon-to-be-published reappraisal by the University of Pennsylvania's Betsey Stevenson and Justin Wolfers, who find that happiness tracks per capita GDP pretty closely. Money really does matter. GDP does...
...King Wangchuck?s idea that public policy should be more closely tied to wellbeing - how people feel about their lives - is catching on. ?There is a growing interest in some policymaking circles in looking at these measures,? says Richard Easterlin, economics professor at the University of Southern California. ?We have been misguided in dismissing what people say about how happy they are and simply assuming that if they are consuming more apples and buying more cars they are better off.? There are efforts to devise a new economic index that would measure wellbeing gauged by things like satisfaction with personal...
Think that Porsche and boat and beach house you have been dreaming of would actually make you happy? Think again. Economist Richard Easterlin of the University of Southern California examined data from 1,500 people surveyed repeatedly over a 28-year period. He found that while healthy people are generally happier than unhealthy ones and married people are happier than unmarrieds, increases in wealth and material possessions improve happiness only briefly...
...want out of life and from a job." Between 1947 and 1969, professional job openings for men increased 4% every year. From 1970 on, the annual rate slowed to .3%. The job situation, according to most estimates, is not likely to improve, either now or later. Concludes Demographer Richard Easterlin, an economics professor at the University of Pennsylvania: "These graduates will have a relatively slow movement up the job ladder...
...Beat 'Em . . . In High Springs, Fla., ex-Mayor Juanita Easterlin, who last year campaigned unsuccessfully for re-election by charging that enforcement of the state liquor laws was lax in her area, was arrested as the ringleader of a big-time moonshining operation...
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