Inequality and happiness: Insights from Latin America View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2006-04

AUTHORS

Carol Graham, Andrew Felton

ABSTRACT

Inequality is a contentious topic in economics, and its effect on individual welfare remains an open question. We address this question from the perspective of a novel approach in economics – the study of happiness. In this discussion, we draw from our research on the topic, which is based on new empirical evidence from Latin America. We find several differences from studies conducted in the United States and Europe, especially regarding the role of perceptions of mobility and status. We find that inequality has negative effects on happiness in Latin America, where it seems to be a signal of persistent unfairness. Our research also examines the effects of several variables, including wealth, status, and reference group size, on the link between inequality and happiness, with the presumption that these variables can help us identify the channels through which inequality operates as a signaling mechanism. More... »

PAGES

107-122

Journal

TITLE

The Journal of Economic Inequality

ISSUE

1

VOLUME

4

Author Affiliations

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s10888-005-9009-1

DOI

http://dx.doi.org/10.1007/s10888-005-9009-1

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1012613844


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