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In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10003919804
-mobility countries turn out to be ambiguous. -- Happiness ; life satisfaction ; subjective well-being ; inequality ; income distribution …
Persistent link: https://www.econbiz.de/10003919894
-mobility countries turn out to be ambiguous. -- Happiness ; life satisfaction ; subjective well-being ; inequality ; income distribution …
Persistent link: https://www.econbiz.de/10003944651
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10010258037
Persistent link: https://www.econbiz.de/10014511536
satisfaction across 33 countries. Individuals who believe that inequality has increased in the previous 4 years are on average 8 … and changes into account does not alter the conclusions, suggesting that inequality perception matters for life … satisfaction above and beyond actual inequality. Our findings survive a battery of robustness checks, including an instrumental …
Persistent link: https://www.econbiz.de/10014553703
Persistent link: https://www.econbiz.de/10011474472
Using four waves of the European Social Survey, we analyze the association of income inequality and redistribution with subjective well-being. Our results provide evidence that people in Europe are negatively affected by income inequality, while reduction of inequality has a positive effect on...
Persistent link: https://www.econbiz.de/10009764556
Using four waves of the European Social Survey (179,273 individuals from 29 countries) the authors analyze the association of reduction of income inequality (redistribution) with subjective wellbeing. Their results provide evidence that people in Europe are negatively affected by income...
Persistent link: https://www.econbiz.de/10010357364
Using four waves of the European Social Survey (179,273 individuals from 29 countries) the authors analyze the association of reduction of income inequality by governmental taxes and transfers (redistribution) with subjective well-being. Their results provide evidence that people in Europe are...
Persistent link: https://www.econbiz.de/10010420030