Sensitivity of sincere social communication to economic status disparity is incorporated into the construction of sincere social-capital index. The consideration of this index leads to the depiction of the happiness-wealth relationship as an inverted U-shaped curve that peaks at a larger than the average personal wealth. The deviation of the happiness-maximizing wealth from the community average is positively related to the ratio of the rates of return on wealth and sincere social capital and is compounded by the actual and desired community sizes and by the minimum sincere social capital associated with becoming the community’s ultimate wealth holder.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number
wp07-08.