Replication data for: Subjective Well-Being and Income: Is There Any Evidence of Satiation?
- Stevenson, Betsey
- Wolfers, Justin
AbstractMany scholars have argued that once "basic needs" have been met, further rises in income are not associated with further increases 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 log-linear and does not diminish as incomes rise. If there is a satiation point, we are yet to reach it.
Is supplement to
DOI: 10.1257/aer.103.3.598 (Text)
Stevenson, Betsey, and Justin Wolfers. “Subjective Well-Being and Income: Is There Any Evidence of Satiation?” American Economic Review 103, no. 3 (May 2013): 598–604. https://doi.org/10.1257/aer.103.3.598.
- ID: 10.1257/aer.103.3.598 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12