Alesina, Alberto; Tella, Rafael Di; MacCulloch, Robert - Harvard Institute of Economic Research (HIER), … - 2001
The answer to the question posed in the title is “yes. ” Using a total of 128,106 answers to a survey question about “happiness,” we find that there is a large, negative and significant effect of inequality on happiness in Europe but not in the US. There are two potential explanations....