TY  - RPRT
        AU  - Oswald, Andrew J.
        TI  - On the Common Claim that Happiness Equations Demonstrate Diminishing Marginal Utility of Income
        PY  - 2005/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1781
        UR  - https://www.iza.org/index.php/publications/dp1781
        AB  - 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.
        KW  - happiness
KW  - money
KW  - marginal utility
KW  - curvature
KW  - concave
        ER  -