%0 Report
        %A Oswald, Andrew J.
        %T On the Common Claim that Happiness Equations Demonstrate Diminishing Marginal Utility of Income
        %D 2005
        %8 2005 Sep
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1781
        %U https://www.iza.org/index.php/publications/dp1781
        %X 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.
        %K happiness
%K money
%K marginal utility
%K curvature
%K concave