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Clemson University

Easterlin Paradox

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An Economic Perspective On Self-Reported Happiness In Taiwan, Shih Yu Sung May 2023

An Economic Perspective On Self-Reported Happiness In Taiwan, Shih Yu Sung

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Happiness research has become a topic of interest in recent years. The OECD's "Better Life Index," the U.N.'s "World Happiness Report," and Taiwan's "National Happiness Indicator" are examples of initiatives to understand better and evaluate the well-being of people. After the well-known "Easterlin Paradox" was proposed, more and more economists started researching the economics of happiness. Economists studied the relationship between reported happiness and income and the relationship between reported happiness and socioeconomic factors and demographic factors. In this study, I use data from the Taiwan Social Change Survey of 1995, 2000, 2005, 2010, and 2015 to analyze potential factors …