%0 Report
        %A Stevenson, Betsey
%A Wolfers, Justin
        %T Subjective Well‐Being and Income: Is There Any Evidence of Satiation?
        %D 2013
        %8 2013 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7353
        %U https://www.iza.org/publications/dp7353
        %X 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.
        %K basic needs
%K satiation
%K happiness
%K subjective well-being
%K Easterlin paradox