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inequality. We estimate this parameter using four large cross-sectional surveys of subjective happiness and two panel surveys …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain … to reported happiness. We find some evidence of such bias, but it is small-yielding a new estimated elasticity of 1 …
Persistent link: https://www.econbiz.de/10011630578
implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the … distribution has become more relatively equal due to falling inter-country relative inequality, and that by some measures global … "inequality convergence" with previously more equal countries becoming less equal over time and the obverse. We provide support …
Persistent link: https://www.econbiz.de/10010516605
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10010459794
-assessed health status? Has average well-being increased or well-being inequality decreased? How does the distribution of well …
Persistent link: https://www.econbiz.de/10012140082
distributions of ordinal data by all Cowell and Flachaire (Economica 2017) indices of inequality and by a new index based on GL … inequality rankings. …
Persistent link: https://www.econbiz.de/10012140090
In this paper we compute inequality measures over the distribution of a subjective well-being variable constructed from … inequality in subjective well-being may be a better proxy for the degree of unfairness in a society than income inequality. We … find evidence that inequality in subjective well-being has an inverse-U relationship with per capita GDP, but it is …
Persistent link: https://www.econbiz.de/10011714455
This paper is the first to compare global trends in income and wealth inequality this century. It is based on large … coefficient, inequality between countries accounts for about two-thirds of global income inequality, but noticeably less - around … one half - of wealth inequality. Broadly similar results are found for different years and different inequality indices …
Persistent link: https://www.econbiz.de/10011947029
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10010258037
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10011288530
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10003919804