Eugenio Proto, The CAGE Background Briefing Series No. 43, August 2015

The link between higher national income and higher national life satisfaction is critical to economic policymaking. This column presents new evidence that the connection is hump-shaped. There is a clear, positive relation in the poorer nations and regions, but it flattens out at around 30,000–$35,000, and then turns negative.

Behavioural Economics and Wellbeing