Income Inequality Explains Why Economic Growth Does Not Always Translate to an Increase in Happiness
Abstract
One of the most puzzling social science findings in the past half century is the Easterlin paradox: Economic growth within a country does not always translate into an increase in happiness. We provide evidence that this paradox can be partly explained by income inequality. In two different data sets covering 34 countries, economic growth was not associated with increases in happiness when it was accompanied by growing income inequality. Earlier...
Paper Details
Title
Income Inequality Explains Why Economic Growth Does Not Always Translate to an Increase in Happiness
Published Date
Sep 3, 2015
Journal
Volume
26
Issue
10
Pages
1630 - 1638
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