Happiness, income satiation and turning points around the world

@article{Jebb2017HappinessIS,
  title={Happiness, income satiation and turning points around the world},
  author={Andrew T. Jebb and Louis Tay and Ed Diener and Shigehiro Oishi},
  journal={Nature Human Behaviour},
  year={2017},
  volume={2},
  pages={33-38}
}
Income is known to be associated with happiness1, but debates persist about the exact nature of this relationship2,3. Does happiness rise indefinitely with income, or is there a point at which higher incomes no longer lead to greater well-being? We examine this question using data from the Gallup World Poll, a representative sample of over 1.7 million individuals worldwide. Controlling for demographic factors, we use spline regression models to statistically identify points of ‘income satiation… 
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