{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,5,9]],"date-time":"2026-05-09T14:01:19Z","timestamp":1778335279735,"version":"3.51.4"},"reference-count":12,"publisher":"Wiley","issue":"2","license":[{"start":{"date-parts":[[2016,5,12]],"date-time":"2016-05-12T00:00:00Z","timestamp":1463011200000},"content-version":"vor","delay-in-days":0,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2017,3]]},"abstract":"Summary<\/jats:title>A methodological challenge in testing Easterlin's paradox, which states that increasing income fails to boost happiness beyond a satiation point, lies in the determination of this threshold if it exists. In the existing literature, various levels of GDP per capita have been chosen based upon visual inspection of the scatter plots of the data. The estimated income\u2013well\u2010being gradients are sensitive to the choice of such kink points. We first replicate the results in Stevenson and Wolfers (American Economic Review, Papers and Proceedings<\/jats:italic> 2013; 103<\/jats:bold>(3): 598\u2013604), then apply the methods proposed in Hansen (Journal of Business and Economic Statistics<\/jats:italic> 2016), which estimate the regression kink model with an unknown threshold, to the data in Stevenson and Wolfers () to re\u2010examine the two modified versions of Easterlin's hypothesis. In most cases, we do not find the existence of any kink point. In the few cases where a kink point is detected, the estimated kink point thresholds are different from those chosen in the previous literature. Overall, we find no evidence of a satiation point, which is in support of Stevenson and Wolfers (). Copyright \u00a9 2016 John Wiley & Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.2526","type":"journal-article","created":{"date-parts":[[2016,5,12]],"date-time":"2016-05-12T06:26:42Z","timestamp":1463034402000},"page":"463-469","source":"Crossref","is-referenced-by-count":12,"title":["Subjective Well\u2010Being and Income: A Re\u2010Examination of Satiation Using the Regression Kink Model With an Unknown Threshold"],"prefix":"10.1002","volume":"32","author":[{"given":"Donald","family":"Lien","sequence":"first","affiliation":[{"name":"Department of Economics, College of Business University of Texas at San Antonio TX USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Yue","family":"Hu","sequence":"additional","affiliation":[{"name":"Department of Economics, College of Business University of Texas at San Antonio TX USA"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Long","family":"Liu","sequence":"additional","affiliation":[{"name":"Department of Economics, College of Business University of Texas at San Antonio TX USA"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2016,5,12]]},"reference":[{"key":"e_1_2_6_2_1","doi-asserted-by":"publisher","DOI":"10.1257\/jel.46.1.95"},{"key":"e_1_2_6_3_1","doi-asserted-by":"publisher","DOI":"10.1257\/jep.22.2.53"},{"key":"e_1_2_6_4_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.0963-7214.2004.00501001.x"},{"key":"e_1_2_6_5_1","doi-asserted-by":"crossref","unstructured":"Di TellaR MacCullochR.2008.Happiness adaptation to income beyond \u2018basic needs\u2019. Working Paper 14539. National Bureau of Economic Research.","DOI":"10.3386\/w14539"},{"key":"e_1_2_6_6_1","doi-asserted-by":"publisher","DOI":"10.1016\/B978-0-12-205050-3.50008-7"},{"key":"e_1_2_6_7_1","doi-asserted-by":"publisher","DOI":"10.1257\/jel.40.2.402"},{"key":"e_1_2_6_8_1","doi-asserted-by":"publisher","DOI":"10.1080\/07350015.2015.1073595"},{"key":"e_1_2_6_9_1","doi-asserted-by":"publisher","DOI":"10.1073\/pnas.1011492107"},{"key":"e_1_2_6_10_1","unstructured":"LayardR.2003.Happiness: has social science a clue?Lionel Robbins Memorial Lectures 2002\/3 Lecture given at the London School of Economics London 3\u20135 March."},{"key":"e_1_2_6_11_1","volume-title":"Happiness: Lessons from a New Science","author":"Layard R","year":"2005"},{"key":"e_1_2_6_12_1","doi-asserted-by":"publisher","DOI":"10.1353\/eca.0.0001"},{"key":"e_1_2_6_13_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.103.3.598"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2526","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2526","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2526","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/full-xml\/10.1002\/jae.2526","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2526","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,9,2]],"date-time":"2023-09-02T18:27:49Z","timestamp":1693679269000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.2526"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2016,5,12]]},"references-count":12,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2017,3]]}},"alternative-id":["10.1002\/jae.2526"],"URL":"https:\/\/doi.org\/10.1002\/jae.2526","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2016,5,12]]}}}