Top incomes and subjective well-being
Michał Brzeziński ()
No 2018-15, Working Papers from Faculty of Economic Sciences, University of Warsaw
We use data from the World Wealth & Income Database, the European Values Surveys and World Values Surveys to estimate the relationship between top income shares and subjective well-being in a sample of 35 countries observed between 1980s and 2010s (139 surveys and more than 200,000 respondents). Results show that top 1% income shares are positively associated with happiness, but not with life satisfaction. The effect is present in a subsample of Western countries. We discuss possible explanations for the positive association between top income shares and happiness.
Keywords: top incomes; subjective well-being; life satisfaction; happiness; income inequality; World Wealth & Income Database (search for similar items in EconPapers)
JEL-codes: D63 I31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-hap
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https://www.wne.uw.edu.pl/index.php/download_file/4498/ First version, 2018 (application/pdf)
Journal Article: Top incomes and subjective well-being (2019)
Working Paper: Top incomes and subjective well-being (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2018-15
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