Arbeitspapier
Inequality and happiness: When perceived social mobility and economic reality do not match
We argue that perceived fairness of the income generation process affects the association between income inequality and subjective well-being, and that there are systematic differences in this regard between countries that are characterized by a high or, respectively, low level of actual fairness. Using a simple model of individual labor market participation under uncertainty, we predict that high levels of perceived fairness cause higher levels of individual welfare, and lower support for income redistribution. Income inequality is predicted to have a more favorable impact on subjective well-being for individuals with high fairness perceptions. This relationship is predicted to be stronger in societies that are characterized by low actual fairness. Using data on subjective well-being and a broad set of fairness measures from a pseudo micro-panel from the WVS over the 1990-2008 period, we find strong support for the negative (positive) association between fairness perceptions and the demand for more equal incomes (subjective well-being). We also find strong empirical support for the predicted differences in individual tolerance for income inequality, and the predicted influence of actual fairness.
- Sprache
-
Englisch
- Erschienen in
-
Series: Freiburger Diskussionspapiere zur Ordnungsökonomik ; No. 13/2
- Klassifikation
-
Wirtschaft
General Welfare; Well-Being
Publicly Provided Goods: General
Personal Income, Wealth, and Their Distributions
Job, Occupational, and Intergenerational Mobility; Promotion
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
- Thema
-
happiness
life satisfaction
subjective well-being
inequality
income distribution
redistribution
political ideology
justice
fairness
World Values Survey
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bjørnskov, Christian
Dreher, Axel
Fischer, Justina A. V.
Schnellenbach, Jan
Gehring, Kai
- Ereignis
-
Veröffentlichung
- (wer)
-
Albert-Ludwigs-Universität Freiburg, Institut für Allgemeine Wirtschaftsforschung, Abteilung für Wirtschaftspolitik
- (wo)
-
Freiburg i. Br.
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bjørnskov, Christian
- Dreher, Axel
- Fischer, Justina A. V.
- Schnellenbach, Jan
- Gehring, Kai
- Albert-Ludwigs-Universität Freiburg, Institut für Allgemeine Wirtschaftsforschung, Abteilung für Wirtschaftspolitik
Entstanden
- 2013
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