Cooper, David; McCausland, W. David; Theodossiou, Ioannis - In: Journal of Economic Issues 47 (2013) 4, pp. 939-958
This paper examines the effect of income inequality on individual wellbeing. The results show that those in the lowest twenty percent of income distribution have a marked reduction in wellbeing compared to the remainder. Hence, poverty is detrimental to wellbeing. The second key finding of this...