English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

Is emotional well-being monotonically increasing in the level of income ordoes it reach a plateau at some income threshold, whereafter additional incomedoes not contribute to further well-being? Conflicting answers to this questionhas been suggested in the academic literature. In a recent paper, using anincome threshold of $100,000 per year, Killingsworth et al. (2023) appears tohave resolved these conflicts, concluding that emotional well-being ismonotonically increasing in income for all but the unhappiest individuals. Inthis paper, we show that this conclusion is sensitive to the placement of theincome threshold at which the relationship between emotional well-being andincome is allowed to plateau. Using standard econometric methods, we propose adata-driven approach to detect the placement of the threshold. Using thisdata-driven income threshold, a flat relationship between household income andemotional well-being above a threshold around $200,000 per year is found. Whileour analysis relaxes the assumption of a pre-specified income threshold, itrelies on a number of other assumptions, which we briefly discuss. We concludethat although the analysis of this paper provides some evidence for well-beingplateauing around $200,000 per year, more research is needed before anydefinite conclusions about the relationship between emotional well-being andincome can be drawn.

Income and emotional well-being: Evidence for well-being plateauing around $200,000 per year