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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
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...
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In The Pursuit of Happiness, the latest addition to the Brookings FOCUS series, Carol Graham explores what we know about the determinants of happiness, acrossand within countries at different stages of development. She then takes a look at just what we can do with that new knowledge and clearly...
Persistent link: https://www.econbiz.de/10012675262
"Focuses on the role in the policymaking process of new metrics for measuring the effects on individual well-being of institutional, macroeconomic, and policy environments--for example, the effects of macroeconomic uncertainty and lack of access to health insurance--as well as the effects of...
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