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Top Incomes and Human Well-being Around the World

Listed author(s):
  • Burkhauser, Richard V.

    ()

    (Cornell University)

  • De Neve, Jan-Emmanuel

    ()

    (University of Oxford)

  • Powdthavee, Nattavudh

    ()

    (University of Warwick)

The share of income held by the top 1 percent in many countries around the world has been rising persistently over the last 30 years. But we continue to know little about how the rising top income shares affect human well-being. This study combines the latest data to examine the relationship between top income share and different dimensions of subjective well-being. We find top income shares to be significantly correlated with lower life evaluation and higher levels of negative emotional well-being, but not positive emotional well-being. The results are robust to household income, individual's socio-economic status, and macroeconomic environment controls.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 9677.

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Length: 59 pages
Date of creation: Jan 2016
Handle: RePEc:iza:izadps:dp9677
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