This report explores the impact of income stability and economic well-being on individual quality of life. Recent enlargement of the European Union to 25 Member States has indelibly redrawn the economic landscape: the gap in living standards between the richest and poorest countries is...

A large literature has emerged around the strong association between income inequality and average life expectancy and a range of health outcomes including mental well being. Three possible explanations for the association have been offered: that the association is a statistical artefact; the...