Subjective well-being and income: is there any evidence of satiation?

Abstract

Many scholars claim that satisfaction stops increasing as income reaches certain levels. This research assesses the validity of this claim with data from several countries and finds no support for such a “satiation point.” The relationship between well-being and income is roughly linear-log, with diminishing marginal utility of income but no obvious threshold beyond which additional income yields no additional gains in well-being. – AI-generated abstract.