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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

Moving Up and Sliding Down: An Empirical Assessment of the Effect of Social Mobility on Subjective Wellbeing

Dolan, Paul; Lordan, Grace - Centre for Economic Performance, LSE - 2013

Many people remain in the same income group as their parents and this is a cause of much discussion and some concern. In this work, we examine how intergenerational mobility affects subjective wellbeing (SWB) using the British Cohort Study. Our SWB measures encapsulate life satisfaction and...

Persistent link: https://www.econbiz.de/10010610736

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

Does Relative Income Matter? Are the Critics Right?

Layard, Richard; Mayraz, Guy; Nickell, Stephen - Centre for Economic Performance, LSE - 2009

Do other peoples' incomes reduce the happiness which people in advanced countries experience from any given income? And does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many decades? The answer to both questions is 'Yes'. We...

Persistent link: https://www.econbiz.de/10005256480

Accounting for Cross-Country Income Differences

Caselli, Francesco - Centre for Economic Performance, LSE - 2005

Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question "how much of the cross-country income variance can be attributed to...

Persistent link: https://www.econbiz.de/10005151010

Life Satisfaction and Relative Income: Perceptions and Evidence

Mayraz, Guy; Schupp, Jürgen; Wagner, Gert G. - Centre for Economic Performance, LSE - 2009

Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...

Persistent link: https://www.econbiz.de/10005037456

Minimum Wages and Earnings Inequality in Urban Mexico. Revisiting the Evidence

Bosch, Mariano; Manacorda, Marco - Centre for Economic Performance, LSE - 2008

This paper explores the contribution of the minimum wage to the well documented rise in earnings inequality in Mexico … entire rise in inequality at the bottom of the distribution. Our result challenges the widespread perception that trade … induced shocks are the single most important factor behind the recent rise in earnings inequality in several less developed …

Persistent link: https://www.econbiz.de/10005017026

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

Hooray for GDP!

Oulton, Nicholas - Centre for Economic Performance, LSE - 2012

Should raising the growth rate of GDP per capita be a policy goal of governments in general, and of the British government in particular? Many people would say no, for the following reasons: 1) GDP is hopelessly flawed as a measure of welfare; 2) Growing GDP is pointless since most people don't...

Persistent link: https://www.econbiz.de/10010702077