Emotion annotation is inherently subjective, yet most NLP pipelines still assume "gold" labels, typically produced by majority voting, and treat annotator variation as noise. In this paper, we present a multilabel emotion annotation case study and use it to examine how annotator behavior and aggregation choices affect both agreement estimates and downstream emotion classifiers. Rather than collapsing disagreement into a single label, we represent targets as soft vote-share labels (including an intensity-weighted variant) and evaluate models using both thresholded metrics (macro-/micro-F1) and probabilistic alignment (Bernoulli cross-entropy SoftBCE), alongside data-derived disagreement diagnostics. Across annotation regimes, we show that disagreement is structured and leaves measurable traces in model behavior: hard labels may maximize F1 metrics, while soft supervision yields predictions that better reflect empirical annotator variance and uncertainty. Our results provide practical guidance for designing, aggregating, and evaluating multilabel emotion datasets when multiple interpretations are plausible.
Human annotators frequently disagree on emotion labels, yet most evaluations of Large Language Model (LLM) emotion annotation collapse these judgments into a single gold standard, discarding the distributional information that disagreement encodes. We ask whether LLMs capture the structure of this disagreement, not just majority labels, by comparing emotion judgment distributions between human annotators and four zero-shot LLMs, plus a fine-tuned RoBERTa baseline, across two complementary benchmarks: GoEmotions and EmoBank, totaling 640,000 LLM responses. Zero-shot models diverge substantially from human distributions, and in-domain fine-tuning, not model scale, is required to close the gap. We formalize a lexical-grounding gradient through a quantitative transparency score that predicts per-category human--LLM agreement: LLMs reliably capture emotions with explicit lexical markers but systematically fail on pragmatically complex emotions requiring contextual inference, a pattern that replicates across both categorical and continuous emotion frameworks. We further propose three lightweight post-hoc calibration methods that reduce the distributional gap by up to 14\%, and provide actionable guidelines for when LLM emotion annotations can, and cannot, substitute for human labeling.