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Top incomes and human well-being around the world

Burkhauser, Richard V., Neve, Jan-Emmanuel De and Powdthavee, Nattavudh (2016) Top incomes and human well-being around the world. CEP Discussion Paper (1400). Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

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.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2016 The Authors
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HT Communities. Classes. Races
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 09 May 2016 12:04
Last Modified: 20 Nov 2019 04:55
Projects: R01AG040640
Funders: US National Institute on Aging, Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/66411

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