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Economic Growth Evens-Out Happiness: Evidence from Six Surveys

Clark, Andrew E.; Flèche, Sarah; Senik, Claudia - Centre for Economic Performance, LSE - 2014

In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality … share of both the "very unhappy" and the "perfectly happy". Lower happiness inequality is found both between and within …

Persistent link: https://www.econbiz.de/10010945135

Upward Social Mobility, Well-being and Political Preferences: Evidence from the BHPS

Clark, Andrew E.; D'Angelo, Emanuela - Centre for Economic Performance, LSE - 2013

The paper uses 18 waves of BHPS data to provide evidence of the roles of both own social status and upward mobility relative to one's parents on job and life satisfaction, preferences for redistribution, pro-public sector attitudes and voting. Both own social status and greater mobility with...

Persistent link: https://www.econbiz.de/10010722843

Inflation, Inequality and Social Conflict

Crowe, Christopher - Centre for Economic Performance, LSE - 2004

will tend to be higher in countries with higher inequality and with greater pro-rich bias in the political system …. Conversely, the use of income tax will be higher in countries with lower inequality and less pro-rich bias. The model also … predicts that although inequality and political bias will have an impact on the composition of revenue, it will have no effect …

Persistent link: https://www.econbiz.de/10005797253

The Century of Education

Morrisson, Christian; Murtin, Fabrice - Centre for Economic Performance, LSE - 2009

This paper presents a historical database on educational attainment in 74 countries for the period 1870-2010, using perpetual inventory methods before 1960 and then the Cohen and Soto (2007) database. The correlation between the two sets of average years of schooling in 1960 is equal to 0.96. We...

Persistent link: https://www.econbiz.de/10005256472

Spatial Agglomeration Dynamics

Quah, Danny - Centre for Economic Performance, LSE - 2002

distribution. Spatial inequality is a Cass-Koopmans saddlepath, and the global distribution of economic activity converges towards … egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …

Persistent link: https://www.econbiz.de/10005016794

One Third of the Worlds Growth and Inequality

Quah, Danny - Centre for Economic Performance, LSE - 2002

This paper studies growth and inequality in China and India û two economies that account for a third of the world …'s population. By modelling growth and inequality as components in a joint stochastic process, the paper calibrates the impact each …-country inequality is insignificant for inequality dynamics. …

Persistent link: https://www.econbiz.de/10005016971

Adaptation to Poverty in Long-Run Panel Data

Clark, Andrew E.; D'Ambrosio, Conchita; Ghislandi, Simone - Centre for Economic Performance, LSE - 2014

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of...

Persistent link: https://www.econbiz.de/10011076080

Its Not What You Make, Its How You Use IT: Measuring the Welfare Benefits of the IT Revolution Across Countries

Bayoumi, Tamim; Haacker, Markus - Centre for Economic Performance, LSE - 2002

This paper analyzes the welfare benefits from falling relative prices of IT (information technology) goods across a wide range of countries. We find, using two separate methodologies and datasets, that welfare benefits mainly accrue to users of IT, not their producers, because of falling...

Persistent link: https://www.econbiz.de/10005016963

Digital Goods and the New Economy

Quah, Danny - Centre for Economic Performance, LSE - 2003

Digital goods are bitstrings, sequences of 0s and 1s, which have economic value. They are distinguished from other goods by five characteristics: digital goods are nonrival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...

Persistent link: https://www.econbiz.de/10005150990

Heterogeneity, Demand for Insurance and Adverse Selection

Spinnewijn, Johannes - Centre for Economic Performance, LSE - 2012

Recent empirical work finds that surprisingly little variation in the demand for insurance is explained by heterogeneity in risks. I distinguish between heterogeneity in risk preferences and risk perceptions underlying the unexplained variation. Heterogeneous risk perceptions induce a systematic...

Persistent link: https://www.econbiz.de/10010547596