Econometric Evidence for Satiation of Subjective Well‐Being With Income at the Aggregate Level in Europe
欧洲总体层面主观幸福感随收入饱和的计量证据
ABSTRACT The Easterlin paradox explores the link between subjective well‐being (SWB) and income, questioning if a saturation point exists where more income no longer boosts SWB. In the literature, the studies dealing with a saturation point of SWB at the cross‐sectional level are ambiguous. The results of this study provide evidence for its existence. The EU‐SILC data are used to test for satiation by means of kink regressions and generalized additive models. The unique…