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social mobility increases. Using data on happiness and a broad set of fairness measures from the World Values Survey, we find … satisfaction ; subjective well-being ; inequality ; income distribution ; redistribution ; political ideology ; justice ; fairness … ; World Values Survey …
Persistent link: https://www.econbiz.de/10008697799
further corroborated using various complementary measures of individuals' perception of the chances and risks associated with … an unequal distribution of economic resources, such as their perception of the chances of upward mobility. I finally show …
Persistent link: https://www.econbiz.de/10011515432
We provide the first estimates of intergenerational income mobility for a developing country, namely Brazil. We measure formal income from tax and employment registries, and we train machine learning models on census and survey data to predict informal income. The data reveal a much higher...
Persistent link: https://www.econbiz.de/10013411980
This note provides evidence for the relationship between income comparisons and subjective well-being (SWB), using novel German data on self-reported comparison intensity and perceived relative income for seven reference groups. We find negative correlations between comparison intensity and SWB...
Persistent link: https://www.econbiz.de/10011346880
Using survey data from the China Family Panel Studies (CFPS) from 2010 to 2018, this paper analyzes the relationship between income inequality, group-specific income redistribution, and subjective well-being among China's urban, rural, and migrant populations. Using narrowly defined reference...
Persistent link: https://www.econbiz.de/10013285661
We introduce distributive justice into a simple model of growth and distribution. Two groups ("classes") of otherwise identical, capital-rich and capital-poor individuals ("capitalists") and ("workers") are in conflict over factor (labour-capital) shares. Capitalists' (workers') ideal labour...
Persistent link: https://www.econbiz.de/10011996775
We investigate in a laboratory experiment if the experience of economic failure or success shapes people's preferences for redistribution beyond self-interest. Subjects generated a high or a low income either through a lottery or through an effort-based tournament. A sub-set of subjects could...
Persistent link: https://www.econbiz.de/10011588059
There is no consensus on how to measure social welfare and inequality when households have different needs. As we show, a dilemma emerges between holding households responsible for their needs or compensating them. This dilemma is of first-order importance for social welfare, but generally plays...
Persistent link: https://www.econbiz.de/10015052572
We analyze individual satisfaction with life as a whole and satisfaction with the personal financial situation for … respect to Jewish families it is most striking that the impact of family size on both life and financial satisfaction seems to … expected. -- happiness ; subjective well-being ; financial satisfaction ; Israel ; religion ; immigration ; terrorism …
Persistent link: https://www.econbiz.de/10008697099
Rising income inequalities are widely debated in public and academic discourse. In this paper, we contribute to this debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se, but that its underlying sources need to be taken...
Persistent link: https://www.econbiz.de/10011864650