Examining Easterlin’s Paradox in Post-Reform China

Examining Easterlin’s Paradox in Post-Reform China

Had a great time writing this piece for The International Academic Forum‘s interdisciplinary academic platform, Think, designed for both the academic community and general readership.

How far is money related to levels of satisfaction with life? Dr Matthew J. Monnot of the University of San Francisco, United States, discusses the contrast between decades of GDP growth in China and stagnant levels of individual life and job satisfaction, questioning whether monetary incentives can fill evolved psychological needs and examining the relationship between material aspirations and individual well-being.

Click over to give it a read at The Goods Life: China’s Wealth and Happiness Paradox

Note: Full citations for references were not provided in the article. They are listed here:

Diener, E., Sandvik, E., Seidlitz, L., & Diener, M. (1993). The relationship between income and subjective well-being: Relative or absolute? Social Indicators Research, 28, 195–223.

Gu, F. G., & Hung, K. (2009). Materialism among adolescents in China: A historical generation perspective. Journal of Asia Business Studies, 3(2), 56–64.

Easterlin (1974). Does economic growth improve the human lot? Some empirical evidence. In P. A. David & M. W. Reder (Eds.). Nations and Households in Economic Growth: Essays in Honor of Moses Abramovitz. New York: Academic Press, Inc.

Easterlin, R. A., Morgan, R., Switek, M., & Wang, F. (2012). China’s life satisfaction, 1990-2010. Proceedings of the National Academy of Sciences, 109 (25), 9775-9780.

Kahneman, D., & Deton, A. (2010). High income improves evaluation of life but not emotional well-being. Proceedings of the National Academy of Sciences, 107 (38), 16489-16493.

Kasser, T., & Ryan, R. M. (1993). A dark side of the American dream: Correlates of financial success as a central life aspiration. Journal of Personality and Social Psychology, 65 (2), 410-422.

Monnot, M. J. (2015). Marginal utility and economic development: Intrinsic verses extrinsic aspirations and subjective well-being among Chinese employeesSocial Indicators Research. Advance online publication. DOI: 10.1080/14697017.2016.1237534

Steele, L. G. & Lynch, S. M. (2013). The pursuit of happiness in China: Individualsm, collectivism, and subjective well-being China’s economic and social transformation. Social Indicators Research, 114 (2), 441-451.

Van den Broeck, Al., Ferris, D. L., Chang, C-H., Rosen, C. C. (2016). A review of self-determination theory’s basic psychological needs at work. Journal of Management, 42 (5), 1195-1229.

Leave a Reply

Your email address will not be published. Required fields are marked *