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happiness. Together these findings indicate a clear role for absolute income and a more limited role for relative income … of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a … the relationship between subject well-being and income observed within countries. Finally, examining the relationship …
Persistent link: https://www.econbiz.de/10005667028
rise in income inequality. Poverty has increased sharply with an estimated 18.5% of the population on incomes below the … the population have gained under the reforms, average real household per capita income has declined significantly with … households at the lower end of the income distribution suffering the greatest fall. Consequently there has been a substantial …
Persistent link: https://www.econbiz.de/10005498039
estimates of the impact of adjustment on poverty using household income and expenditure surveys currently available in LDCs. It … poverty. This framework does require, however, reasonably disaggregated data on income distribution. … proposes the use of decomposable poverty indices as a tractable vehicle for calculating the impact of adjustment on overall …
Persistent link: https://www.econbiz.de/10005661633
This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the … bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature … of income distribution and possibly lead to multiple steady states. The existence, under some conditions, of a dynamic …
Persistent link: https://www.econbiz.de/10005136638
liberalization is accompanied by reduced income inequality in low-income countries. Simulation results also suggest that relatively …
Persistent link: https://www.econbiz.de/10005114466
This paper uses household surveys from 13 developing countries to describe consumption choices, health and education investments, employment patterns and other features of the of the economic lives of the “middle classes” defined as those whose daily consumption per capita is between $2 and...
Persistent link: https://www.econbiz.de/10005791405
their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …
Persistent link: https://www.econbiz.de/10011083711
higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …We explore the relationships between subjective well-being and income, as seen across individuals within a given … most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …
Persistent link: https://www.econbiz.de/10008684672
racial gaps such as those in income, employment, and education. Much of the current racial gap in well-being can be explained …
Persistent link: https://www.econbiz.de/10011084479
that measures of subjective well-being indicate that women’s happiness has declined both absolutely and relative to men …-being, and is pervasive across demographic groups and industrialized countries. Relative declines in female happiness have eroded … a gender gap in happiness in which women in the 1970s typically reported higher subjective well-being than did men …
Persistent link: https://www.econbiz.de/10005036241