{"id":"https://openalex.org/W41679804","doi":null,"title":"Diminishing Marginal Utility of Income? A Caveat","display_name":"Diminishing Marginal Utility of Income? A Caveat","publication_year":2004,"publication_date":"2004-05-04","ids":{"openalex":"https://openalex.org/W41679804","mag":"41679804"},"language":"en","primary_location":{"id":"mag:41679804","doi":null,"is_oa":true,"landing_page_url":"http://law.bepress.com/cgi/viewcontent.cgi?article=1004&context=usclwps-lewps","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://law.bepress.com/cgi/viewcontent.cgi?article=1004&context=usclwps-lewps","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5068866547","display_name":"Richard Ainley Easterlin","orcid":"https://orcid.org/0000-0003-3013-9890","observed_orcids":["https://orcid.org/0000-0003-3013-9890"]},"institutions":[{"id":"https://openalex.org/I1174212","display_name":"University of Southern California","ror":"https://ror.org/03taz7m60","country_code":"US","type":"education","lineage":["https://openalex.org/I1174212"]},{"id":"https://openalex.org/I197518295","display_name":"IZA - Institute of Labor Economics","ror":"https://ror.org/029s44460","country_code":"DE","type":"nonprofit","lineage":["https://openalex.org/I197518295"]}],"countries":["DE","US"],"is_corresponding":true,"raw_author_name":"Richard A. Easterlin","raw_affiliation_strings":["University of Southern California - Department of Economics","IZA Institute of Labor Economics"],"raw_orcid":"https://orcid.org/0000-0003-3013-9890","affiliations":[{"raw_affiliation_string":"University of Southern California - Department of Economics","institution_ids":["https://openalex.org/I1174212"]},{"raw_affiliation_string":"IZA Institute of Labor Economics","institution_ids":["https://openalex.org/I197518295"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5068866547"],"corresponding_institution_ids":["https://openalex.org/I1174212","https://openalex.org/I197518295"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":7,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10475","display_name":"Psychological Well-being and Life Satisfaction","score":0.98580002784729,"subfield":{"id":"https://openalex.org/subfields/3207","display_name":"Social Psychology"},"field":{"id":"https://openalex.org/fields/32","display_name":"Psychology"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10475","display_name":"Psychological Well-being and Life Satisfaction","score":0.98580002784729,"subfield":{"id":"https://openalex.org/subfields/3207","display_name":"Social Psychology"},"field":{"id":"https://openalex.org/fields/32","display_name":"Psychology"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10446","display_name":"Income, Poverty, and Inequality","score":0.009700000286102295,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14440","display_name":"Quality of Life Measurement","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/subjective-well-being","display_name":"subjective well-being","score":0.984000027179718},{"id":"https://openalex.org/keywords/happiness","display_name":"happiness","score":0.8980000019073486},{"id":"https://openalex.org/keywords/income-and-happiness","display_name":"income and happiness","score":0.6029999852180481}],"concepts":[{"id":"https://openalex.org/C2778999518","wikidata":"https://www.wikidata.org/wiki/Q8","display_name":"Happiness","level":2,"score":0.7482938766479492},{"id":"https://openalex.org/C64341305","wikidata":"https://www.wikidata.org/wiki/Q4919225","display_name":"Bivariate analysis","level":2,"score":0.7123406529426575},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6743611097335815},{"id":"https://openalex.org/C40422974","wikidata":"https://www.wikidata.org/wiki/Q741248","display_name":"Assertion","level":2,"score":0.5739986300468445},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4312693178653717},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.39811092615127563},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.3703170120716095},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.12115153670310974},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.11138466000556946},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.10257160663604736},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.10195451974868774},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"mag:41679804","doi":null,"is_oa":true,"landing_page_url":"http://law.bepress.com/cgi/viewcontent.cgi?article=1004&context=usclwps-lewps","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:bep:usclwp:usclwps-1004","doi":null,"is_oa":false,"landing_page_url":"http://law.bepress.com/cgi/viewcontent.cgi?article=1004&context=usclwps","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":{"id":"mag:41679804","doi":null,"is_oa":true,"landing_page_url":"http://law.bepress.com/cgi/viewcontent.cgi?article=1004&context=usclwps-lewps","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/10","score":0.4074000120162964,"display_name":"Reduced inequalities"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W220151161","https://openalex.org/W1809459886","https://openalex.org/W1971334151","https://openalex.org/W1983312086","https://openalex.org/W2012951594","https://openalex.org/W2018242801","https://openalex.org/W2023522548","https://openalex.org/W2041540949","https://openalex.org/W2044574050","https://openalex.org/W2088155659","https://openalex.org/W2109480260","https://openalex.org/W2112484287","https://openalex.org/W2208100927","https://openalex.org/W3122260969","https://openalex.org/W4242068385"],"related_works":["https://openalex.org/W7097776673","https://openalex.org/W3209742476","https://openalex.org/W1547350729","https://openalex.org/W1596491205","https://openalex.org/W7100574761","https://openalex.org/W4408468887","https://openalex.org/W1516568435","https://openalex.org/W2011017160","https://openalex.org/W2337991280","https://openalex.org/W2086193799"],"abstract_inverted_index":{"Few":[0],"generalizations":[1,244],"in":[2,34,48,158,194,217,239],"the":[3,24,39,41,61,80,100,153,159,171,190,195,215,221,235],"social":[4],"sciences":[5],"enjoy":[6],"such":[7],"wide-ranging":[8],"support":[9],"as":[10,128,150],"that":[11,23,78,207,241],"of":[12,16,29,44,63,82,96,117,139,155,180,249],"diminishing":[13,108,136,246],"marginal":[14,137,247],"utility":[15,138,248],"income.":[17,45],"Put":[18],"simply,":[19],"this":[20,68,142],"proposition":[21],"states":[22],"effect":[25],"on":[26,67,113],"subjective":[27,64],"well-being":[28,65,91],"a":[30,186,200],"$1,":[31],"000":[32],"increase":[33,95],"income":[35,81,151,208,250],"becomes":[36],"progressively":[37],"smaller":[38],"higher":[40],"initial":[42],"level":[43],"Distinguished":[46],"scholars":[47],"economics,":[49],"political":[50],"science,":[51],"psychology,":[52],"and":[53,182,184],"sociology":[54],"who":[55],"have":[56,103],"made":[57],"major":[58],"contributions":[59],"to":[60,165,255],"study":[62],"concur":[66],"assertion.":[69],"Its":[70],"policy":[71],"appeal":[72],"is":[73,111,135,228],"great":[74],"because":[75],"it":[76,232],"implies":[77],"raising":[79],"poor":[83,86],"people":[84],"or":[85,124],"countries":[87],"will":[88,102],"raise":[89],"their":[90],"considerably,":[92],"while":[93],"an":[94,176],"equal":[97],"amount":[98],"for":[99,189,237],"rich":[101],"comparatively":[104],"little":[105],"effect.":[106],"The":[107,225],"returns":[109],"generalization":[110],"based":[112],"point-of-time":[114,143,172],"bivariate":[115,202],"comparisons":[116],"happiness":[118,181,218],"with":[119],"real":[120],"income,":[121,140,183],"either":[122],"among":[123],"within":[125],"countries.":[126],"If,":[127],"these":[129],"cross":[130,160,178,222,242],"sectional":[131,161,223,243],"studies":[132,196],"suggest,":[133],"there":[134],"then":[141],"pattern":[144],"should":[145],"be":[146,252],"replicated":[147],"over":[148,210,258],"time":[149,211],"traverses":[152],"range":[154],"values":[156],"covered":[157],"analysis.":[162],"I":[163,198],"propose":[164],"test":[166],"whether":[167],"historical":[168],"experience":[169],"reproduces":[170],"relationship,":[173],"first,":[174],"using":[175],"international":[177],"section":[179],"then,":[185],"within-country":[187],"one":[188],"United":[191],"States.":[192],"As":[193],"cited,":[197],"use":[199],"simple":[201],"comparison.":[203],"It":[204],"turns":[205],"out":[206],"change":[209,216,257],"does":[212,233],"not":[213,229],"generate":[214],"implied":[219],"by":[220],"pattern.":[224],"present":[226],"analysis":[227],"exhaustive,":[230],"but":[231],"suggest":[234],"need":[236],"caution":[238],"assuming":[240],"about":[245],"can":[251],"safely":[253],"used":[254],"anticipate":[256],"time.":[259]},"counts_by_year":[{"year":2019,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
