Does Inequality Harm the Middle Class?
AbstractThe paper provides estimates of the effect of economic inequality on middle class well being in Switzerland. Economic well being is proxied by a person's satisfaction with his/her income. Two inequality indicators are used, one standard (the Gini coefficient of the pre-tax income distribution) and one novel (the number of luxury car registrations per 1000 population). Identification is through cross-sectional variation of these indicators at various levels of spatial aggregation. Results using data from the Swiss Household Panel confirm the existence of a robust inverse relationship between inequality and satisfaction among the middle class. Copyright � 2010 Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 63 (2010)
Issue (Month): 2 (05)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962
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- Nuno Crespo & Sandrina B. Moreira & Nádia Simões, 2012.
"An Integrated Approach for the Measurement of Inequality, Poverty and Richness,"
Working Papers Series 2
12-03, ISCTE-IUL, Business Research Unit (BRU-IUL).
- Nuno Crespo & Sandrina Berthault Moreira & Nádia Simões, 2011. "An integrated approach for the measurement of inequality, poverty, and richness," Working Papers 205, ECINEQ, Society for the Study of Economic Inequality.
- Rainer Winkelmann, 2011.
"Conspicuous consumption and satisfaction,"
ECON - Working Papers
030, Department of Economics - University of Zurich.
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