Income, aspirations and the Hedonic Treadmill in a poor society

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How researchers see this paper

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Happiness and job satisfaction in urban China: A comparative study of two generations of migrants and urban locals (2014, background): “However, if aspirations rise faster than income, happiness may actually fall (Knight and Gunatilaka, 2012).”
Will GDP Growth Increase Happiness in Developing Countries? (2011, background): “Knight et al. (2009) appeal to cross-sectional information on 9,200 households in China.”
Subjective Well-Being in China, 2005-2010: The Role of Relative Income, Gender and Location (2015, methodology): “This is consistent with Knight and Gunatilaka (2012), who note that subjective well-being is raised by actual income but lowered by aspiration income.”
Poor, or Just Feeling Poor? On Using Subjective Data in Measuring Poverty (2012, background): “Consider, for example, the interesting argument by Knight and Gunatilaka (2012) about the existence of an ―hedonic 23 treadmill‖ in China.”
Aspirations: An Approach to Measurement with Validation Using Ethiopian Data (2014, background): “Further, some studies consider aspirations with respect to one particular dimension of life outcome such as income (Knight and Gunatilaka, 2012), while others use a more general indicator, summarising one’s general aspirational mindset across various aspects of life (Macours and Vakis, 2009; Bernard”