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Overall sense of satisfaction shrinks when inequality widens

6 April 2016

Cornell's Richard Burkhauser has co-authored (with Jan-Emmanuel De Neve and Nattavudh Powdthavee of CEP) a research paper that contends a person's satisfaction drops as the percentage of overall income held by the very rich in a country rises. However, the authors say, this drop is minimal as long as the average person's income is also rising.

This article was published online by Science Daily on April 6, 2016
Link to article here

Related publications
'Top Incomes and Human Well-Being Around the World', Richard V. Burkhauser, Jan-Emmanuel De Neve and Nattavudh Powdthavee, Centre for Economic Performance Discussion Paper No.1400, January 2016

Related links
Jan-Emmanuel De Neve webpage
Nick Powdthavee webpage
Wellbeing Programme webpage

Read more... Science Daily