Despite clear evidence that Americans' economic standard of living has improved over the last half-century in terms of income, ownership of technology and housing among other indicators, there is scant evidence from non-economic quality-of-life (QOL) indicators of improved life quality to parallel these economic gains. The present article adds to…

An important paradox of the happiness literature is the apparent disconnect between economic growth and happiness, referred to as the "Easterlin Paradox." Although real income has grown over the last thirty years, happiness has stagnated or perhaps even declined. There are a variety of explanations for this. Some emphasize psychological…