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Income inequality and well-being in the U.S. : evidence of geographic-scale- and measure-dependence

Ifcher, John; Zarghamee, Homa S.; Graham, Carol - 2016

U.S. income inequality has risen dramatically in recent decades. Researchers consistently find that greater income inequality measured at the state or national level is associated with diminished subjective well-being (SWB) in the U.S. We conduct the first multi-scale analysis (i.e., at the...

Persistent link: https://www.econbiz.de/10011526744

Local neighbors as positives, regional neighbors as negatives : competing channels in the relationship between others' income, health, and happiness

Ifcher, John; Zarghamee, Homa; Graham, Carol - 2016

We develop a theoretical framework that considers four distinct explanatory channels through which neighbors' income could affect utility: public goods, cost of living, expectations of future income, and the direct effect (relative income hypothesis (RIH) and altruism). The relationship is...

Persistent link: https://www.econbiz.de/10011476321

Relative income and happiness : an Experiment

Ifcher, John; Zarghamee, Homa S.; Houser, Daniel; Diaz, Lina - 2018

John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...

Persistent link: https://www.econbiz.de/10011902869

Economic growth and subjective well-being : reassessing the Easterlin Paradox

Stevenson, Betsey; Wolfers, Justin - In: Brookings papers on economic activity : BPEA (2008) 1, pp. 1-102

Persistent link: https://www.econbiz.de/10003764838

Happiness and growth the world over : time series evidence on the happiness-income paradox

Easterlin, Richard A.; Angelescu, Laura - 2009

There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per …-term positive association between the growth of happiness and income, arising from fluctuations in macroeconomic conditions, with … the long-term relationship, which is nil. -- Happiness ; economic growth ; developing countries ; transition countries …

Persistent link: https://www.econbiz.de/10003824943

Modern economic growth and quality of life : cross sectional and time series evidence

Easterlin, Richard A. (contributor); … - 2007

rights, happiness, and the like) associated with economic growth? International comparisons of quality of life (QoL … sometimes, as in the case of happiness and life satisfaction, QoL indicators remain unchanged despite a doubling or more of real …

Persistent link: https://www.econbiz.de/10003585354

Subjective well-being, income, economic development and growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2010

We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...

Persistent link: https://www.econbiz.de/10009152425

The new stylized facts about income and subjective well-being

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2012

In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...

Persistent link: https://www.econbiz.de/10009683272

Subjective well‐being and income : is there any evidence of satiation?

Stevenson, Betsey; Wolfers, Justin - 2013

-being ; happiness ; satiation ; basic needs ; Easterlin paradox …

Persistent link: https://www.econbiz.de/10009738762

Economic growth and subjective well-being : reassessing the easterlin paradox

Stevenson, Betsey (contributor); Wolfers, Justin (contributor) - 2008

of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a … happiness. Together these findings indicate a clear role for absolute income and a more limited role for relative income … comparisons in determining happiness. -- Happiness ; subjective well-being ; Easterlin Paradox ; life satisfaction ; economic …

Persistent link: https://www.econbiz.de/10003752845