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Richard A. Easterlin
Born 1926
Ridgefield Park, New Jersey, United States
Nationality American
Institution University of Pennsylvania
University of Southern California
Field Econometrics, Demography, demographic economics, Economic growth, Happiness economics, Economic history
Alma mater Stevens Institute of Technology (M.E.)
University of Pennsylvania (M.A., Ph.D.)
Influences Simon Kuznets, Dorothy Thomas
Influenced Eileen Crimmins
Contributions Easterlin hypothesis, Easterlin paradox, Happiness economics

Richard Ainley Easterlin (born 1926) is University Professor and Professor of Economics at the University of Southern California.

He is a Distinguished Fellow of the American Economic Association and a Member of both the National Academy of Sciences and the American Academy of Arts and Sciences. Easterlin is also a former Guggenheim Fellow and a past president of both the Population Association of America and the Economic History Association.

Early life and education[edit]

Easterlin was born in Ridgefield Park of New Jersey in 1926.

He studied engineering at the Stevens Institute of Technology and graduated with a Master of Engineering in Mechanical Engineering with Distinction in 1945. He then completed a Master of Arts in Economics in 1949 and his Doctor of Philosophy in Economics in 1953 both at the University of Pennsylvania.

He became interested in demography and population studies through his participation as a Research Associate from 1953 to 1955 in the landmark Study of population Redistribution and Economic Growth in the United States conducted by Simon Kuznets and Dorothy Thomas.

Academic career[edit]

Whilst completing his postgraduate studies, Easterlin worked as Instructor from 1948 to 1953 at the University of Pennsylvania. After completing his Doctor of Philosophy he became an Assistant Professor of Economics from 1953 to 1956. He was also a Research Associate of the National Bureau of Economic Research from 1955 to 1956. From 1956 to 1960 he was an Associate Professor of Economics and also a Visiting Professor at Stanford University in 1960 to 1961. From 1956 to 1966 he was also a Member of the Research Staff National Bureau of Economic Research. He was then a full Professor of Economics from 1960 to 1978 and was the William R. Kenan, Jr. Professor in Economics at the University of Pennsylvania from 1978 to 1982. In 1978 he was a Visiting Professor at the University of Warwick in England. Whilst at the University of Pennsylvania, Easterlin served as the Chairman of the Department of Economics from 1958 to 1960, from 1961 to 1962 and in 1965 and 1968. He was also the Associate Dean for Budget and Planning of the University of Pennsylvania Faculty of Arts and Sciences from 1974 to 1979. He then moved to the University of Southern California in 1982 as a Professor of Economics and then University Professor since 1999.

Contributions[edit]

Easterlin is in particular known for his 1974 article "Does Economic Growth Improve the Human Lot? Some Empirical Evidence" and the Easterlin paradox which he stated there, namely that, contrary to expectation, happiness at a national level does not increase with wealth once basic needs are fulfilled. He is also known for the Easterlin hypothesis, which states that the positive relationship between income and fertility is dependent on relative income (income relative to aspirations).

Awards[edit]

He was a Fellow of the Center for Advanced Study in the Behavioral Sciences from 1970 to 1971, was elected as a Fellow of the American Academy of Arts and Sciences in 1978, was the Sherman Fairchild Distinguished Scholar at the California Institute of Technology from 1980 to 1981, was elected a Fellow of the Econometric Society in 1983, was awarded the Burlington Northern Faculty Achievement Award at the University of Southern California in 1987, was appointed to the Board of Directors as the Representative of the Economic History Association to the National Bureau of Economic Research from 1986 to 1997, was awarded the Raubenheimer Award for Teaching and Research at the University of Southern California in 1988, was selected as a Fellow of the John Simon Guggenheim Memorial Foundation from 1988 to 1989, was awarded the Irene B. Taeuber Award by the Population Association of America in 1993, received an Honorary Doctorate from Lund University in Sweden in 1998, was elected as a Member of the United States National Academy of Sciences, was awarded the Mellon Award for Excellence in Mentoring by the Center for Excellence in Teaching at the University of Southern California in 2006, was awarded the Distinguished Researcher Award by the International Society for Quality of Life Studies in 2006, was elected a Distinguished Fellow of the American Economic Association in 2006, was awarded the IZA Prize in Labor Economics from the Institute for the Study of Labor in 2009, and received the Laureate Award from the International Union for the Scientific Study of Population in 2010.[1]

Publications[edit]

Easterlin's Publications page at University of Southern California

References[edit]

  1. ^ [1] University of Southern California profile of Richard A. Easterlin

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Richard_Easterlin — Please support Wikipedia.
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395 news items

 
Seeking Alpha
Thu, 23 Jul 2015 06:30:00 -0700

Richard Easterlin (1974) found that self-reported happiness of individuals varied with income at a point in time, but that average well-being tended to be very stable over long time intervals despite per capita income growth. The author argued that ...

Business Insider Australia

Business Insider Australia
Mon, 06 Jul 2015 11:21:57 -0700

... conducted over the past fours decades, under the rubric of “happiness economics,” a field that has gained increasing respect in the academic world after being pioneered in the 1970s by Richard Easterlin, who is now at the University of Southern ...
 
89.3 KPCC (blog)
Fri, 12 Oct 2012 15:52:30 -0700

Last year, I posted on the lead-up to the Economics prize, suggesting that maybe, perhaps, a worthy winner would be Southern California's own Richard Easterlin. Easterlin has since cropped up several more times in this blog (he's always gracious with ...
 
Carmilla
Mon, 13 Jul 2015 18:07:30 -0700

Felicitas Mi dicono che “felicità” deriva dal latino “felix”, a sua volta da una radice indoeuropea che significa “allattare”. Bellissimo! Quale senso di soddisfazione e sicurezza può eguagliare quella del bimbo mentre è al seno della madre? E come ...
 
New York Times
Thu, 27 Sep 2012 17:49:10 -0700

Los Angeles. CHINA's new leaders, who will be anointed next month at the Communist Party's 18th National Congress in Beijing, might want to rethink the Faustian bargain their predecessors embraced some 20 years ago: namely, that social stability could ...

Politico

Politico
Sun, 31 May 2015 17:57:44 -0700

It all goes back to the early 1970s when Richard Easterlin, an economist at the University of Southern California, looked at the spotty survey data available at the time and found that, more money made individual citizens happier but, paradoxically ...
 
Forbes
Sat, 04 Aug 2012 09:52:55 -0700

In the mid-1970s, economist Richard Easterlin posited, based on a pattern he observed across nations, that income boosts happiness only to a point, after which it yields no further benefit. (His paper reverberated in academic circles and helped drive ...
 
New York Times
Thu, 12 Feb 2015 03:24:56 -0800

PARIS — Economic growth is the religion of the modern world, the elixir that eases the pain of conflicts, the promise of indefinite progress. It is the solution to our perennial worries about not getting what we don't have. And yet, at least in the ...
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