The Easterlin threshold: a first glimpse

  • Francesco STRATI

Abstract

This work is supposed to introduce and set up a theoretical model which depicts the time dy- namics of the relations between income and happiness. By using two distortions: the materialism and the run e_ect, the model conceives a happiness-income ratio as dependent on the locus of the graph in which they are placed. Their positive or negative relations depend on the level of income: for a level beyond the Easterlin threshold the happiness decreases, for a low level of income happiness increases, while in the midst of these loci the level of happiness increases in average but marginally decreases as income increases.
Published
2015-12-15
How to Cite
STRATI, Francesco . The Easterlin threshold: a first glimpse. Journal of Mathematical Economics and Finance, [S.l.], v. 1, n. 1, p. 29-33, dec. 2015. ISSN 2458-0813. Available at: <https://journals.aserspublishing.eu/jmef/article/view/583>. Date accessed: 05 july 2022.
Section
Journal of Mathematical Economics and Finance