Inequality of Subjective Well‐Being as a Comprehensive Measure of Inequality

18 Pages Posted: 26 Sep 2018

See all articles by Leonard Goff

Leonard Goff

Columbia University

John F. Helliwell

University of British Columbia (UBC) - Department of Economics; National Bureau of Economic Research (NBER)

Guy Mayraz

Department of Economics, University of Melbourne; CIFAR

Date Written: October 2018

Abstract

The link between happiness and overall inequality is best studied using an index that incorporates different aspects of inequality, and is measured consistently in different countries. One such index is the degree to which happiness itself varies among individuals. Its correlation with both happiness levels and social trust is substantially stronger than the corresponding correlation for income inequality. This remains so after allowing for bounded scale reporting, including a purely ordinal measure of dispersion. Moreover, the correlation is stronger for individuals who profess to care most about inequality. The link between happiness and inequality may thus be stronger than previously appreciated.

JEL Classification: I31, D6, D63, D31

Suggested Citation

Goff, Leonard and Helliwell, John F. and Mayraz, Guy, Inequality of Subjective Well‐Being as a Comprehensive Measure of Inequality (October 2018). Economic Inquiry, Vol. 56, Issue 4, pp. 2177-2194, 2018. Available at SSRN: https://ssrn.com/abstract=3240843 or http://dx.doi.org/10.1111/ecin.12582

Leonard Goff (Contact Author)

Columbia University ( email )

New York, NY
United States

John F. Helliwell

University of British Columbia (UBC) - Department of Economics ( email )

997-1873 East Mall
Vancouver, BC V6T 1Z1
Canada
604-822-4953 (Phone)
604-822-5915 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Guy Mayraz

Department of Economics, University of Melbourne ( email )

Melbourne, 3010
Australia
+61 3 9035 8141 (Phone)

HOME PAGE: http://www.mayraz.com

CIFAR ( email )

180 Dundas Street West, Suite 1400
Toronto, Ontario
Canada

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
1
Abstract Views
102
PlumX Metrics