Does Absolute Income Matter?

Robert H. Frank

in Economics and Happiness

Published in print December 2005 | ISBN: 9780199286287
Published online February 2006 | e-ISBN: 9780191603006 | DOI:
 						Does Absolute Income Matter?

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The answer to the question in the title is that abosolute income does matter. An important finding in the literature on well-being is that beyond a fairly low income threshold, measured well-being changes little as the incomes of population members rise over time. It is argued that despite the latter finding, one should be reluctant to conclude that absolute income has no bearing on human well-being.

Keywords: well-being; welfare; income

Chapter.  10067 words.  Illustrated.

Subjects: Economics

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