On the Common Claim that Happiness Equations Demonstrate Diminishing Marginal Utility of Income

It is commonly claimed in the recent happiness literature in psychology and economics that we have proved diminishing marginal utility of income. This paper suggests that we have not. It draws a distinction between concavity of the utility function and concavity of the reporting function

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Year of publication:	[2021]
Authors:	Oswald, Andrew J.
Publisher:	[S.l.] : SSRN
Subject:	Zufriedenheit \| Satisfaction \| Grenznutzentheorie \| Marginalism \| Einkommen \| Income \| Theorie \| Theory \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (7 p)
Series:	IZA Discussion Paper ; No. 1781
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 2005 erstellt
Other identifiers:	10.2139/ssrn.826388 [DOI]
Classification:	I3 - Welfare and Poverty ; D1 - Household Behavior and Family Economics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013318231