When money does not buy happiness: the case of “frustrated achievers”

Becchetti LeonardoRossetti Fiammetta
CEIS Working Papers
An increase in real per capita income is generally expected to be associated with nonnegative variation in life satisfaction. The alternative (association with negative changes) is generally defined as “frustrated achievement” (Graham and Pettinato, 2002)
Number: 251
Date: Tuesday 01 May 2007
Revision Date: Tuesday 01 May 2007