show that the observed income effect on subjective well-being is much weaker for the happiness index than for life … (3) the relationship between income and the happiness index is weak and stable over the whole distribution when basic …

This paper models the relationship between income and reported well-being using latent class techniques applied to … strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual … marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution. …

This paper models the relationship between income and reported well-being using latent class techniques applied to … strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual … marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution …

of the marginal utility of income, whose inverse is often called the ‘Frisch parameter’, and its multi-period counterpart …, inter alia, Frisch (1959), attempts to give some clarifications and provides elements of a synthesis. The income elasticity …, the wealth elasticity of the marginal utility of wealth, are key concepts. Three cases with additive preferences are …

of the elasticity of marginal utility with respect to consumption. Conceptually, the magnitude of these two utility …