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In this paper we use data from a population survey on quality of life dimensions conducted in Uruguay to analyze the self reported well-being among workers and non workers. Along with the literature, we find that the probability of being happy is greater for workers than non-workers....
Persistent link: https://www.econbiz.de/10010848434
We compute the Gini indexes for income, happiness and various simulated utility levels. Due to decreasing marginal utility of income, happiness inequality should be lower than income inequality. We find that happiness inequality is about half that of income inequality. To compute the utility...
Persistent link: https://www.econbiz.de/10010848498