Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/33183
Authors: 
Oswald, Andrew J.
Year of Publication: 
2005
Series/Report no.: 
IZA Discussion Papers 1781
Abstract: 
It is commonly claimed in the recent happiness literature in psychology and economics that we have proved diminishing marginal utility of income. This paper suggests that we have not. It draws a distinction between concavity of the utility function and concavity of the reporting function.
Subjects: 
happiness
money
marginal utility
curvature
concave
JEL: 
I3
D1
Document Type: 
Working Paper

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