Is man doomed to progress?

Type Journal Article - Journal of economic behavior & organization
Title Is man doomed to progress?
Author(s)
Volume 68
Issue 1
Publication (Day/Month/Year) 2008
Page numbers 140-152
URL https://hal.archives-ouvertes.fr/file/index/docid/590519/filename/wp200612.pdf
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.

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