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This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed countries. This new stylized fact comes as an addition to the Easterlin paradox, which states that...
Persistent link: https://www.econbiz.de/10009575162
effect of the Gini on both happiness and life satisfaction. Two new measures used here - the ratio of persons in the lowest … number in the highest, in a given country - as developed from the World Values Survey data, are shown here to have a negative … and significant effect on both happiness and life satisfaction. This effect holds overall across countries, and for …
Persistent link: https://www.econbiz.de/10009307464
This paper identifies and quantifies the contribution of a set of covariates in affecting levels and over time changes of happiness inequality. Using a decomposition methodology based on RIF regression, we analyse the increase in happiness inequality observed in Germany between 1992 and 2007,...
Persistent link: https://www.econbiz.de/10009696942
Society drifts apart in many dimensions. Economists focus on income of the poor and rich and the distribution of income but a broader spectrum of dimensions is required to draw the picture of multiple facets of individual life. In our study of multidimensional polarization we extend the income...
Persistent link: https://www.econbiz.de/10012703081
to provide a "sage" approach to assessing well-being, since it aims to denote sagacity in the pursuit and satisfaction of …
Persistent link: https://www.econbiz.de/10012178514
Per capita GDP has limited use as a well-being indicator because it does not capture many dimensions that imply a "good life", such as health and equality of opportunity. However, per capita GDP has the virtues of easy interpretation and can be calculated with manageable data requirements....
Persistent link: https://www.econbiz.de/10012169722
The hypothesis tested in this paper is whether the increasing inequality in recent years has had a significant impact on well-being among the population in Denmark. After a survey of the literature we use attitude variables from the European Social Survey in a pseudo-panel setting covering the...
Persistent link: https://www.econbiz.de/10012171363
Since Aristotle, a vast literature has suggested that economic inequality has important political consequences. Higher inequality is thought to increase demand for government income redistribution in democracies and to discourage democratization and promote class conflict and revolution in...
Persistent link: https://www.econbiz.de/10011281602
The well-known Easterlin paradox points out that average happiness has remained constant over time despite sharp rises in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income and individual measures of subjective well-being. This...
Persistent link: https://www.econbiz.de/10003597969
The share of income held by the top 1 percent in many countries around the world has been rising persistently over the …
Persistent link: https://www.econbiz.de/10011450430