Attitudes to wealth in seven countries: The Social Envy Coefficient and the Rich Sentiment Index

Rainer Zitelmann

Economic Affairs, 2021, vol. 41, issue 2, 211-224

Abstract: Based on surveys of attitudes towards the wealthy in the United States, Great Britain, Germany, France, Italy, Spain and Sweden, we calculate the Social Envy Coefficient, which depicts social envy in each country. This is complemented by the Personality Trait Coefficient, which shows whether respondents attribute positive or negative personality traits to the rich. These two coefficients are combined to form the basis of the Rich Sentiment Index, which reveals that the French, the Spanish and the Germans are more critical of the rich than the Swedes, the Americans and the British. Italy occupies the middle ground, where the young are far more positive towards the rich than the old.

Date: 2021
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