A central hypothesis about discrimination is that prejudice forces the stigmatized into low paying, undesirable jobs. Prejudice clearly leads to exclusion. But surprisingly, evidence linking exclusion to disadvantage is mixed. We address this issue theoretically, providing a formal rational...

This paper analyses the effect of income inequality on Europeans’ quality of life, specifically on their overall well-being (happiness, life satisfaction), on their financial quality of life (satisfaction with standard of living, affordability of goods and services, subjective poverty), and on...