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What is Income and Happiness in India Analysis about?
The paper investigates the relationship between income and happiness in India, addressing the Easterlin Paradox which suggests that while income may correlate with happiness at a point in time, it does not necessarily lead to increased happiness over time. Empirical analysis using primary data reveals that both absolute and relative income significantly influence happiness, although the effect of relative income diminishes when considering absolute income levels. The findings imply that while money does imp
- Author
- Soham Sahu
- Language
- EN