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  • Many scholars have argued that once "basic needs" have been met, further rises in income are not associated with further increases in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple datasets, multiple definitions of "basic needs" and multiple questions about well-being, we find no support for this claim. The relationship between well-being and income is roughly log-linear and does not diminish as incomes rise. If there is a satiation point, we are yet to reach it. (xsd:string)
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  • https://doi.org/10.1257/aer.103.3.598. (ISSP) (xsd:string)
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  • 2013 (xsd:gyear)
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  • 2013 (xsd:gyear)
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  • 10.1257/aer.103.3.598 ()
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  • Subjectivae Well-Being and Income: Is There Any Evidence of Satiation? (xsd:string)
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  • In American Economic Review, 103(3), 598-604, 2013 (xsd:string)
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  • 2013 (xsd:string)
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  • 103 (xsd:string)