Income Distribution and Self-Rated Happiness: Some Empirical Evidence

Morawetz, David; Atia, Ety; Nun, Gabi Bin; Felous, Lazaros; Gariplerden, Yuda; Harris, Ella; Soustiel, Sami; Tombros, George; Zarfaty, Yossi

doi:10.2307/2231556

Cited by 140 publications

(71 citation statements)

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“…Interviews have been undertaken during February, March and April of 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1980, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991. There were no surveys in 1979, 1981and 1992.…”

Section: Appendixmentioning

confidence: 99%

“…Richard Easterlin (1974) began what remains a small literature, and recently updated his work in Easterlin (1995). Other contributions include Ng (1996Ng ( , 1997, Blanchflower, Oswald and Warr (1993), Frank (1985), Inglehart (1990), Fox and Kahneman (1992), Frey and Stutzer (2000), Konow and Earley (1999), Oswald (1997), Winkelmann and Winkelmann (1998), and Morawetz et al (1977). Di Tella, MacCulloch and Oswald (2001) study people's preferences between inflation and unemployment.…”

Section: Introductionmentioning

confidence: 99%

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The Macroeconomics Of Happiness

2001

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This paper shows that macroeconomic movements have strong effects on the happiness of nations. First, we find that there are clear microeconomic patterns in the psychological well-being levels of a quarter of a million randomly sampled Europeans and Americans from the 1970's to the 1990's. Happiness equations are monotonically increasing in income, and have a similar structure in different countries. Second, movements in reported well-being are correlated with changes in macroeconomic variables such as Gross Domestic Product. This holds true after controlling for the personal characteristics of respondents, country fixed-effects, year dummies, and country-specific time trends. Third, the paper establishes that recessions create psychic losses that extend beyond the fall in GDP and rise in the number of people unemployed. These losses are large. Fourth, the welfare state appears to be a compensating force: higher unemployment benefits are associated with higher national well-being.

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Section: Appendixmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Macroeconomics Of Happiness

2001

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“…Besides, the negative effect of inequality may result from the envy of the poor. 3 Starting with Morawetz et al (1977), inequality has been the topic of several empirical papers. Studies using panel, time-series and within-country data document mostly negative effects in Europe (Alesina et al 2004;Ferrer-iCarbonell and Ramos 2010;Grosfeld and Senik 2010;Hagerty 2000;Schwarze and Härpfer 2007;Winkelmann and Winkelmann 2010), and in other nonEuropean countries as well (Oishi et al 2011;Oshio and Kobayashi 2010).…”

Section: Introductionmentioning

confidence: 99%

Reduction of Income Inequality and Subjective Well-Being in Europe

Hajdu

2014

Economics

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Using four waves of the European Social Survey (179,273 individuals from 29 countries) the authors analyze the association of reduction of income inequality by governmental taxes and transfers (redistribution) with subjective well-being. Their results provide evidence that people in Europe are negatively affected by income inequality, whereas reduction of inequality has a positive effect on well-being. Since the authors simultaneously estimate the effects of income inequality and its reduction, their results might indicate that not only the outcome (inequality), but also the procedure (redistribution) that leads to the outcome influences subjective wellbeing. Their results also show that the positive effect of redistribution is stronger for less affluent members of the society and left-wing oriented individuals. While post-government inequality seems to have no significant effect in Western Europe, its impact is negative and highly significant in Eastern Europe. JEL D63 I31

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“…In relation to other national macroeconomic indicators' impact on the improvement of subjective well-being, the following findings emerge: income inequality has a negative impact on people's subjective well-being (Morawetz 1977), it leads to negative changes in subjective well-being of people and is more often noted in transition countries, and positive changes in the non-transition ones 00022-p.5 Consequently, taking into account the abovementioned information, it is possible to conclude that in the context of the three Baltic States, Latvia has the lowest value of the indicators of inhabitants' subjective satisfaction with life in the country, Lithuania is almost at the same level with Latvia, though in a slightly better situation, but in Estonia there has been a tendency of approaching average indicators of other European countries.…”

Section: Discussionmentioning

confidence: 99%

Comparative analysis of subjective well-being of Latvia's inhabitants in the context of economic development of European countries

Lonska

2014

SHS Web of Conferences

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Abstract. In the world, during the past 10 years, when evaluating development of a particular area, there has been a tendency of taking into consideration subjective evaluation and attitude to the living conditions of inhabitants living in this area. More often these indicators are the general life satisfaction and feeling of happiness. Analysing Latvia's place in these ratings, it is possible to conclude that inhabitants of Latvia are very pessimistic in assessing their lives in this country. As surveys indicate, the economic factors have an important influence on people's subjective satisfaction. The problem of the research is that during the last two years, there has been a tendency to improvement of the economic indicators in all three Baltic States, but when comparing the closest neighbours, the Latvian inhabitants' subjective satisfaction with life is decreasing, but in Lithuania and Estonia it is increasing together with improvement of the economic situation. In this article the author suggests her own vision of the situation in relation to the arrangement of countries according to subjective indicators analysing the influence of objective socio-economic factors on subjective opinions about living conditions of the inhabitants living in Latvia and neighbouring countries.

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Income Distribution and Self-Rated Happiness: Some Empirical Evidence

Cited by 140 publications

References 0 publications

The Macroeconomics Of Happiness

The Macroeconomics Of Happiness

Reduction of Income Inequality and Subjective Well-Being in Europe

Comparative analysis of subjective well-being of Latvia's inhabitants in the context of economic development of European countries

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