Booming economic growth has not increased Chinese life satisfaction

Economic growth Richard Easterlin

Richard A. Easterlin is University Professor and Professor of Economics, University of Southern California. He is a member of the National Academy of Sciences and the American Academy of Arts and Sciences, a former Guggenheim Fellow, and past president of the Population Association of America, and the Economic History Association.

Study of last 2 decades shows growing happiness gap between wealthy Chinese and the poorest, reflecting rising unemployment and deteriorating safety net, according to economist Richard Easterlin.

Despite an unprecedented rate of economic growth, Chinese people are less happy overall than they were two decades ago, reveals timely new research from Easterlin, one of the founders of the field of “happiness economics” and namesake of the Easterlin Paradox.

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