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A conversation with Richard Easterlin

Author

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  • Diane J. Macunovich

    (Williams College, Department of Economics, Fernald House, Williamstown, MA 01267, USA)

Abstract

After an introduction touching on various biographical highlights, this paper summarizes a wide-ranging discussion with Richard Easterlin which occurred in the Autumn of 1996. We considered the Easterlin Hypothesis - its genesis and current status, together with Easterlin`s views on attempts to develop measures of relative income - and then moved on to "The Fertility Revolution" and questions regarding the applicability of the theory of household choice in modernizing societies. This was followed by a discussion of his early career development and influences on him at that time, ending with ruminations regarding the current state of economics, and the validity of training given to young economists today. JEL classification: J10, J11, J13

Suggested Citation

  • Diane J. Macunovich, 1997. "A conversation with Richard Easterlin," Journal of Population Economics, Springer;European Society for Population Economics, vol. 10(2), pages 119-136.
    • Handle: RePEc:spr:jopoec:v:10:y:1997:i:2:p:119-136
    Note: Received February 13, 1997 / Accepted February 26, 1997 received her PhD in economics in 1989 from the University of Southern California, where Easterlin was her primary advisor. Prior to her current career she worked as an economic and demographic consultant in the United States, United Kingdom and Canada, after having completed undergraduate work at MIT in 1966. She is currently an Associate Professor of Economics at Williams College in Massachusetts, where she is an avid student of economic and demographic feedback effects.
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    Cited by:

    1. Gunnar Andersson, 2000. "The Impact of Labour-Force Participation on Childbearing Behaviour: Pro-Cyclical Fertility in Sweden during the 1980s and the 1990s," European Journal of Population, Springer;European Association for Population Studies, vol. 16(4), pages 293-333, December.
    2. Alfonso Miranda, 2003. "Socio-economic characteristics, completed fertility, and the transition from low to high order parities in Mexico," Labor and Demography 0308001, University Library of Munich, Germany.
    3. Gang Li & Ehsan Elahi & Xingshuai Wang, 2023. "Population age structure, asset price, and financial stability," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(4), pages 2041-2056, June.
    4. Georgios Mavropoulos & Theodore Panagiotidis, 2020. "Why Young Adults Retreat from Marriage? An Easterlin Relative Income Approach," Discussion Paper Series 2020_01, Department of Economics, University of Macedonia, revised Jan 2020.
    5. Jungeilges, Jochen A. & Theisen, Theis, 2008. "A comparative study of equity judgements in Lithuania and Norway," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(3), pages 1090-1118, June.
    6. David I. Kertzer & Michael J. White & Laura Bernardi & Giuseppe Gabrielli, 2009. "Italy’s Path to Very Low Fertility: The Adequacy of Economic and Second Demographic Transition Theories," European Journal of Population, Springer;European Association for Population Studies, vol. 25(1), pages 89-115, February.

    More about this item

    Keywords

    Easterlin · relative income · demographic transition · fertility · mortality · baby boom · demographic cycles;

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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