Diminishing Marginal Utility of Income? Caveat Emptor

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Happiness and Economic Growth: The Evidence (2013, unknown): “…relationship between subjective well-being and economic growth, drawing on research carried on at the University of Southern California over the last decade (see Easterlin 2005a, Easterlin and Plagnol 2008, Easterlin 2009, Easterlin et al. 2010, Easterlin and Sawangfa 2010, Easterlin et al. 2012).”
Stability and variability in the relationship between subjective well-being and income (2011, background): “Second, the shape of the relationship tends to be non-linear, a phenomenon named ‘‘diminishing marginal utility’’ in the economic literature (e.g., Easterlin, 2005): The association between income and SWB is stronger in the low-income range and weaker in the high-income range.”
Will GDP Growth Increase Happiness in Developing Countries? (2011, background): “Taken from Easterlin (2005).”
Economic Migration and Happiness: Comparing Immigrants’ and Natives’ Happiness Gains From Income (2011, background): “A particularly stark example of this point is Japan, where economic output increased by several hundred percent during its long economic boom beginning in the 1950s but average happiness did not rise (Easterlin 2005).”