Arbeitspapier
On the common claim that happiness equations demonstrate diminishing marginal utility of income
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 1781
- Classification
-
Wirtschaft
- Subject
-
happiness
money
marginal utility
curvature
concave
- Event
-
Geistige Schöpfung
- (who)
-
Oswald, Andrew J.
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Oswald, Andrew J.
- Institute for the Study of Labor (IZA)
Time of origin
- 2005
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