Matches in SemOpenAlex for { <https://semopenalex.org/work/W41679804> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W41679804 abstract "Few generalizations in the social sciences enjoy such wide-ranging support as that of diminishing marginal utility of income. Put simply, this proposition states that the effect on subjective well-being of a $1,000 increase in income becomes progressively smaller the higher the initial level of income. Distinguished scholars in economics, political science, psychology, and sociology who have made major contributions to the study of subjective well-being concur on this assertion. Its policy appeal is great, because it implies that raising the income of poor people or poor countries will raise their well-being considerably, while an increase of equal amount for the rich will have comparatively little effect. The diminishing returns generalization is based on point-of-time bivariate comparisons of happiness with real income, either among or within countries. If, as these cross sectional studies suggest, there is diminishing marginal utility of income, then this point-of-time pattern should be replicated over time as income traverses the range of values covered in the cross sectional analysis. I propose to test whether historical experience reproduces the point-of-time relationship, first, using an international cross section of happiness and income, and, then, a within-country one for the United States. As in the studies cited, I use a simple bivariate comparison. It turns out that income change over time does not generate the change in happiness implied by the cross sectional pattern. The present analysis is not exhaustive, but it does suggest the need for caution in assuming that cross sectional generalizations about diminishing marginal utility of income can be safely used to anticipate change over time." @default.
- W41679804 created "2016-06-24" @default.
- W41679804 creator A5068866547 @default.
- W41679804 date "2004-05-04" @default.
- W41679804 modified "2023-10-01" @default.
- W41679804 title "Diminishing Marginal Utility of Income? A Caveat" @default.
- W41679804 cites W1809459886 @default.
- W41679804 cites W1971334151 @default.
- W41679804 cites W1983312086 @default.
- W41679804 cites W2012951594 @default.
- W41679804 cites W2017489484 @default.
- W41679804 cites W2018242801 @default.
- W41679804 cites W2041540949 @default.
- W41679804 cites W2044574050 @default.
- W41679804 cites W2088155659 @default.
- W41679804 cites W2109480260 @default.
- W41679804 cites W2112484287 @default.
- W41679804 cites W220151161 @default.
- W41679804 cites W2208100927 @default.
- W41679804 cites W2918102586 @default.
- W41679804 cites W3122260969 @default.
- W41679804 hasPublicationYear "2004" @default.
- W41679804 type Work @default.
- W41679804 sameAs 41679804 @default.
- W41679804 citedByCount "2" @default.
- W41679804 crossrefType "posted-content" @default.
- W41679804 hasAuthorship W41679804A5068866547 @default.
- W41679804 hasConcept C100001284 @default.
- W41679804 hasConcept C105795698 @default.
- W41679804 hasConcept C149782125 @default.
- W41679804 hasConcept C15744967 @default.
- W41679804 hasConcept C162324750 @default.
- W41679804 hasConcept C199360897 @default.
- W41679804 hasConcept C2778999518 @default.
- W41679804 hasConcept C33923547 @default.
- W41679804 hasConcept C40422974 @default.
- W41679804 hasConcept C41008148 @default.
- W41679804 hasConcept C4249254 @default.
- W41679804 hasConcept C64341305 @default.
- W41679804 hasConcept C77805123 @default.
- W41679804 hasConceptScore W41679804C100001284 @default.
- W41679804 hasConceptScore W41679804C105795698 @default.
- W41679804 hasConceptScore W41679804C149782125 @default.
- W41679804 hasConceptScore W41679804C15744967 @default.
- W41679804 hasConceptScore W41679804C162324750 @default.
- W41679804 hasConceptScore W41679804C199360897 @default.
- W41679804 hasConceptScore W41679804C2778999518 @default.
- W41679804 hasConceptScore W41679804C33923547 @default.
- W41679804 hasConceptScore W41679804C40422974 @default.
- W41679804 hasConceptScore W41679804C41008148 @default.
- W41679804 hasConceptScore W41679804C4249254 @default.
- W41679804 hasConceptScore W41679804C64341305 @default.
- W41679804 hasConceptScore W41679804C77805123 @default.
- W41679804 hasLocation W416798041 @default.
- W41679804 hasOpenAccess W41679804 @default.
- W41679804 hasPrimaryLocation W416798041 @default.
- W41679804 hasRelatedWork W1551229044 @default.
- W41679804 hasRelatedWork W1574001698 @default.
- W41679804 hasRelatedWork W2078756720 @default.
- W41679804 hasRelatedWork W2137903723 @default.
- W41679804 hasRelatedWork W2139082991 @default.
- W41679804 hasRelatedWork W2151787523 @default.
- W41679804 hasRelatedWork W2189582698 @default.
- W41679804 hasRelatedWork W2265120983 @default.
- W41679804 hasRelatedWork W2325326582 @default.
- W41679804 hasRelatedWork W2330327624 @default.
- W41679804 hasRelatedWork W2334481550 @default.
- W41679804 hasRelatedWork W2413186166 @default.
- W41679804 hasRelatedWork W2550532441 @default.
- W41679804 hasRelatedWork W2580890819 @default.
- W41679804 hasRelatedWork W2890674970 @default.
- W41679804 hasRelatedWork W2913067616 @default.
- W41679804 hasRelatedWork W3022859191 @default.
- W41679804 hasRelatedWork W3107311631 @default.
- W41679804 hasRelatedWork W3125084938 @default.
- W41679804 hasRelatedWork W3182464338 @default.
- W41679804 isParatext "false" @default.
- W41679804 isRetracted "false" @default.
- W41679804 magId "41679804" @default.
- W41679804 workType "article" @default.