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between income inequality, group-specific income redistribution, and subjective well-being among China’s urban, rural, and … significantly impact Chinese people. By contrast, a larger income gap between urban and rural residents is positively correlated … their own future income. Compared to migrants, however, our results hint at a negative status effect for the rural residents …
Persistent link: https://www.econbiz.de/10014080052
We show that perceptions of relative rank in the wealth distribution shape individuals’ willingness to take risks … categories when asking respondents about their wealth level. Respondents who are induced to perceive their relative position as …
Persistent link: https://www.econbiz.de/10013215212
perceived and the actual fairness of the income generation process affects this association. Building on a simple model of … of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10010274890
It is argued that the concept of well-being inequality cannot be properly defined without taking the referencing process into account. The reference effect depends on how frequently individuals compare with others and on the degree of social transparency in society. In this paper we employ the...
Persistent link: https://www.econbiz.de/10010277032
Using data from the European Social Survey (ESS), we examine the link between income and subjective well-being. We find … that, for the whole sample of nineteen European countries, although income is positively correlated with both happiness and … life satisfaction, reference income exerts a negative effect on individual well-being, a result consistent with the …
Persistent link: https://www.econbiz.de/10010264249
Using data from the European Social Survey (ESS), we examine the link between income and subjective well-being. We find … that, for the whole sample of nineteen European countries, although income is positively correlated with both happiness and … life satisfaction, reference income exerts a negative effect on individual well-being, a result consistent with the …
Persistent link: https://www.econbiz.de/10013316734
We explore the relationships between subjective well-being and income, as seen across individuals within a given … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same … whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well …
Persistent link: https://www.econbiz.de/10010274814
The trends and consequences of terrorist activities are often captured by counting the number of incidents and casualties. More recently, the effects of terrorist acts on various aspects of the economy have been analyzed. These costs are surveyed and put in perspective. As economic consequences...
Persistent link: https://www.econbiz.de/10010261089
Governments will often look to publicly signal their efforts to tackle issues of concern as a way of garnering political support. Combining data on the public disclosure of anti-corruption efforts and individual well-being in China, we show that such signals may increase the salience of the...
Persistent link: https://www.econbiz.de/10014242158
We reassess the scarring" hypothesis by Clark et al. (2001), which states that unemployment experienced in the past reduces a person's current life satisfaction even after the person has become reemployed. Our results suggest that the scar from past unemployment operates via worsened...
Persistent link: https://www.econbiz.de/10010264482