A puzzle for adaptive theory Easterlin, Richard A

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Easterlin, Richard A
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Journal of Economic Behavior & Organization
Adults -- Psychological aspects; Economics; Analysis
To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jebo.2004.03.003 Byline: Richard A. Easterlin Abstract: Over the life cycle aspirations for material goods grow commensurately with consumer wealth. But aspirations for marriage and the number and "quality" of children do not change much. The puzzle is why there is this difference between life domains in the extent to which aspirations adapt to actual circumstances. The findings come from a cohort analysis of 1978 and 1994 survey responses on the good life. Author Affiliation: Department of Economics, University of Southern California, Los Angeles, CA 90089-0253, USA
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