There are conflicting theories about whether individuals like or dislike inequality, or in other words, whether living in an unequal country increases or decreases their subjective well-being. Empirical literature has so far focused on income inequality and has not yet reached a consensus. In...

We use data from the World Wealth & Income Database, the European Values Surveys and World Values Surveys to estimate the relationship between income inequality as measured by top income shares and subjective well-being in a sample of 35 countries observed between 1980s and 2010s (139 surveys...

This paper studies the determinants of changes in unhappiness rate (low happiness, poverty of happiness, misery) over time. We focus on two post-socialist countries, Poland and Russia, which experienced radical social and economic transformations since the collapse of communism. Using data from...