Yasar, Rusen - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-43, pp. 1-23
Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still unresolved. Against the background of debates around the 'Easterlin paradox', this paper seeks a compromise between two positions: one that insists on individual relative...