Abstract

http://ssrn.com/abstract=1855186
 
 

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A Note on Inequality Aversion Across Countries, Using Two New Measures


Diane Macunovich


University of Redlands; Institute for the Study of Labor (IZA)


IZA Discussion Paper No. 5734

Abstract:     
Studies using the Gini Index as a measure of income inequality have consistently found a positive and significant effect of the Gini on both happiness and life satisfaction. Two new measures used here - the ratio of persons in the lowest income decile relative to the number in the highest, and the ratio of the number in the lowest social class relative to the number in the highest, in a given country - as developed from the World Values Survey data, are shown here to have a negative and significant effect on both happiness and life satisfaction. This effect holds overall across countries, and for individuals within most income and class categories.

Number of Pages in PDF File: 20

Keywords: inequality, happiness, life satisfaction

JEL Classification: I3

working papers series


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Date posted: May 31, 2011  

Suggested Citation

Macunovich, Diane, A Note on Inequality Aversion Across Countries, Using Two New Measures. IZA Discussion Paper No. 5734. Available at SSRN: http://ssrn.com/abstract=1855186

Contact Information

Diane Macunovich (Contact Author)
University of Redlands ( email )
PO Box 3080
Redlands, CA 92373-0999
United States
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
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