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The Income–Unhappiness Paradox: A Relational Goods/Baumol Disease Explanation

In: Handbook on the Economics of Happiness

Author

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  • Leonardo Becchetti
  • Marika Santoro

Abstract

This book is a welcome consolidation and extension of the recent expanding debates on happiness and economics. Happiness and economics, as a new field for research, is now of pivotal interest particularly to welfare economists and psychologists. This Handbook provides an unprecedented forum for discussion of the economic issues relating to happiness. It reviews the more recent literature and offers the interested reader an insight into the vast scope of the field in terms of the theory, its applications and also experimental design. The Handbook also gives substantial indications as to the future direction of research in the field, with particular regard to policy applications and developing an economics of interpersonal relations which includes reciprocity and social interaction theory.

Suggested Citation

  • Leonardo Becchetti & Marika Santoro, 2007. "The Income–Unhappiness Paradox: A Relational Goods/Baumol Disease Explanation," Chapters, in: Luigino Bruni & Pier Luigi Porta (ed.), Handbook on the Economics of Happiness, chapter 13, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3437_13
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    Cited by:

    1. Björn Bünger, 2010. "The demand for relational goods: empirical evidence from the European Social Survey," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 57(2), pages 177-198, June.
    2. Becchetti, Leonardo & Rossetti, Fiammetta, 2009. "When money does not buy happiness: The case of "frustrated achievers"," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(1), pages 159-167, January.
    3. Becchetti, Leonardo & Rossetti, Fiammetta & Castriota, Stefano, 2010. "Real household income and attitude toward immigrants: an empirical analysis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(1), pages 81-88, January.

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