Happiness doesn't increase with growing wealth of nations, finds study | Science | guardian.co.uk

Happiness doesn't increase with growing wealth of nations, finds study | Science | guardian.co.uk

"With incomes rising so rapidly in [certain] countries, it seems extraordinary that no surveys register the marked improvement in subjective wellbeing that mainstream economists and policy makers worldwide expect to find," he said.
In the paper, Easterlin cites surveys from Chile, China and South Korea. In these countries, per capita income has doubled in less than 20 years but overall happiness does not seem to have followed the same path. In China and Chile, there appeared to be small drops in life satisfaction, but the numbers were not statistically significant. For South Korea there was a modest, again not statistically significant, increase in life satisfaction in the early 1980s, but it declined slightly from 1990 to 2005.
The results, he said, were "strikingly consistent": over the long term, the sense of wellbeing in a country's citizens did not go up with income. His work is published today in the Proceedings of the National Academy of Sciences.