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such empirical heterogeneity. Using a very large sample of world citizens, the author tests the consistency of income … inequality in predicting life satisfaction. The analysis finds that income inequality has a negative and significant effect on … life satisfaction. This result is robust to changes in regressors and estimation choices and also persists across different …
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Using four waves of the European Social Survey (179,273 individuals from 29 countries) the authors analyze the association of reduction of income inequality by governmental taxes and transfers (redistribution) with subjective well-being. Their results provide evidence that people in Europe are...
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People who are unable to maintain the same standard of living as others around them experience a sense of relative deprivation that has been shown to reduce feelings of well-being. Relative deprivation reflects conditions of worsening relative poverty despite striking reductions in absolute...
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