EconPapers    
Economics at your fingertips  
 

Subjective Well-Being and Income: Is There Any Evidence of Satiation?

Betsey Stevenson () and Justin Wolfers ()

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: Many scholars have argued that once basic needs have been met, higher income is no longer associated with higher 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 linear-log and does not diminish as incomes rise. If there is a satiation point, we are yet to reach it.

Keywords: Subjective well-being; happiness; satiation; basic needs; Easterlin paradox (search for similar items in EconPapers)
JEL-codes: D6 I3 N3 O1 O4 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2013-05
New Economics Papers: this item is included in nep-hpe and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (92) Track citations by RSS feed

Downloads: (external link)
https://cama.crawford.anu.edu.au/sites/default/fil ... tevenson_wolfers.pdf (application/pdf)

Related works:
Journal Article: Subjective Well-Being and Income: Is There Any Evidence of Satiation? (2013) Downloads
Working Paper: Subjective Well-Being and Income: Is there any Evidence of Satiation? (2013) Downloads
Working Paper: Subjective Well?Being and Income: Is There Any Evidence of Satiation? (2013) Downloads
Working Paper: Subjective Well-Being and Income: Is There Any Evidence of Satiation? (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2013-21

Access Statistics for this paper

More papers in CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by Cama Admin ().

 
Page updated 2020-01-21
Handle: RePEc:een:camaaa:2013-21