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Easterlin paradox. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Etymology
Named for the economist Richard Easterlin, who discussed the factors contributing to happiness in a 1974 book chapter.
Proper noun
Easterlin paradox
- (economics) The apparently paradoxical observation that people's reported happiness varies directly with income both among and within nations, but over time happiness does not trend upward as income continues to grow.