Income Inequality and Happiness: An Inverted U-Shaped Curve

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چکیده

منابع مشابه

Income Inequality and Happiness: An Inverted U-Shaped Curve

Numerous studies agree that income inequality, rather than absolute income, is an important predictor of happiness. However, its specific role has been controversial. We argue that income inequality and happiness should exhibit an inverted U-shaped relationship due to the dynamic competing process between two effects: when income inequality is relatively low, the signal effect will be the domin...

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Using General Social Survey data from 1972 to 2008, we found that Americans were on average happier in the years with less national income inequality than in the years with more national income inequality. We further demonstrated that this inverse relation between income inequality and happiness was explained by perceived fairness and general trust. That is, Americans trusted other people less ...

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1.1 The question how much income inequality is acceptable All modern nations engage in active income redistribution and have a system that taxes the wealthy to a greater extent than the poor. Redistributive policies are accompanied by a continuous discussion on the question of how much income inequality is justified (e.g. Pen and Tinbergen, 1977; Sen, 1997). This discussion has an important ide...

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ژورنال

عنوان ژورنال: Frontiers in Psychology

سال: 2017

ISSN: 1664-1078

DOI: 10.3389/fpsyg.2017.02052