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Remember that both Easterlin's studies and the one in this article have been done in many countries and not just the US though. The $128k cap may seem limiting
by pyduan 13y ago
Remember that both Easterlin's studies and the one in this article have been done in many countries and not just the US though. The $128k cap may seem limiting for the US but it is not for Nigeria or the other lower-income countries, yet they still show the same patterns.
- pedrosorio 13y ago"The $128k cap may seem limiting for the US but it is not for Nigeria or the other lower-income countries, yet they still show the same patterns." And that's why the cap for Nigeria is at $8k... In fact, as someone else has commented: https://news.ycombinator.com/item?id=7047548 https://news.ycombinator.com/item?id=7047548 "According to the paper (page 13), they only look at incomes between the 10th and 90th percentiles. That's why they cut off at $128,000 for US residents" In my opinion, ignoring data from the top 10% earners is the perfect way to get plots that seem to disprove a paradox that states "Become rich enough, and a bigger paycheque no longer leads to more happiness".