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The Easterlin Paradox suggests that at a point in time happiness varies directly with income but over time happiness does not increase as income grows. Research findings have indicated that beyond a certain income threshold, additional income has a diminished impact on subjective well-being.

Cultural norms and values significantly influence perceptions and experiences of happiness. Research indicates that individualistic cultures report higher subjective well-being than collectivist cultures, possibly due to the emphasis on personal achievement and autonomy.

Happiness can have broad societal implications, including higher productivity, more pro-social behavior, and reduced healthcare costs. Studies show societies with higher average levels of happiness tend to have better-functioning institutions and social systems.

SWB includes an individual's cognitive and affective evaluations of their life, including both emotional reactions and cognitive judgments. Research shows that factors like social relationships, health, and work satisfaction are strong predictors of SWB.

Job satisfaction and meaningful employment contribute significantly to happiness. Sociological studies found that unemployment has a negative impact on well-being, while meaningful work enhances it, highlighting the importance of job quality over mere employment.

Social capital refers to the networks of relationships among people who live and work in a particular society. Studies show that higher levels of social capital are associated with higher levels of happiness due to trust, reciprocity, and civic engagement in communities.