Things to note: their "very rich household of >500k" sample size is very small: 8 households, most of the other data seems to max out at 64k.
Also according to them: In an interesting recent contribution, Kahneman and Deaton (2010) have shown that in the United States, people earning above $75,000 do not appear to enjoy either more positive affect nor less negative affect than those earning just below that. We are intrigued by these findings, although we conclude by noting that they are based on very different measures of well-being, and so they are not necessarily in tension with our results.
The difference between a country where everyone makes 60k and 30k means everyone is better off this residually more happy. They don't say anything about the happiness level improving after a single household goes from one income to another.
Things to note: their "very rich household of >500k" sample size is very small: 8 households, most of the other data seems to max out at 64k.
Also according to them: In an interesting recent contribution, Kahneman and Deaton (2010) have shown that in the United States, people earning above $75,000 do not appear to enjoy either more positive affect nor less negative affect than those earning just below that. We are intrigued by these findings, although we conclude by noting that they are based on very different measures of well-being, and so they are not necessarily in tension with our results.
The difference between a country where everyone makes 60k and 30k means everyone is better off this residually more happy. They don't say anything about the happiness level improving after a single household goes from one income to another.