Subjective Well-Being and Income: Is There Any Evidence of Satiation?
---- Acknowledgments ----
A shorter version of this paper will appear in the American Economic Review, Papers and Proceedings in May 2013. The authors wish to thank Angus Deaton, Daniel Kahneman, and Alan Krueger for useful discussions and The Gallup Organization, where Wolfers serves as a Senior Scientist, for providing data. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Betsey Stevenson ----
Betsey Stevenson receives additional income from occasionally writing op-eds for Bloomberg.