equilibrium choices and hence material outcomes. We introduce a new distinction between inequality in initial endowments (e ….g. ability, inherited wealth) and inequality of what one can obtain as rewards (e.g. prestigious positions, money). We show that … these two types of inequality have opposing effects on equilibrium behavior and wellbeing. Greater inequality of rewards …

increasing in the equality of initial endowments, it is found here that it is increasing in the inequality of rewards in the … terms of the status or rewards available as well as in initial endowments. While Becker et al. found that risk-taking is …. Thus, the disadvantaged in society rationally engage in risky behavior when social rewards are su±ciently unequal. Finally …

well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …

well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …

It is argued that the concept of well-being inequality cannot be properly defined without taking the referencing … happiness inequality in happiness studies. We plead for an extension of the present happiness paradigm by setting up a new …

well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …

well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …

It is argued that the concept of well –being inequality cannot be properly defined without taking the referencing … happiness inequality in happiness studies.We plead for an extension of the present happiness paradigm by setting up a new …

well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. …

well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up … href="http://www.springerlink.com/content/ak4r54626380774p/">Journal of Economic Inequality</A>. …