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Top incomes and subjective well-being

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  • Michal Brzezinski

    (University of Warsaw)

Abstract

We use data from the World Wealth \& Income Database, the European Values Surveys and World Values Surveys to estimate the relationship between top income shares and subjective well-being in a sample of 35 countries observed between 1980s and 2010s (139 surveys and more than 200,000 respondents). Results show that top 1\% income shares are positively associated with happiness, but not with life satisfaction. The effect is present in a subsample of Western countries. We discuss possible explanations for the positive association between top income shares and happiness.

Suggested Citation

  • Michal Brzezinski, 2018. "Top incomes and subjective well-being," Working Papers 471, ECINEQ, Society for the Study of Economic Inequality.
    • Handle: RePEc:inq:inqwps:ecineq2018-471
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    File URL: http://www.ecineq.org/milano/WP/ECINEQ2018-471.pdf
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    References listed on IDEAS

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    Cited by:

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    3. Sałach-Dróżdż Katarzyna, 2024. "Wealth inequality, income inequality, and subjective well-being: A cross-country study," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 60(3), pages 227-242.
    4. Zhongkun Zhu & Wanglin Ma & Chenxin Leng, 2022. "ICT Adoption, Individual Income and Psychological Health of Rural Farmers in China," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(1), pages 71-91, February.
    5. Yi-Bin Chiu & Zhen Wang & Xu Ye, 2023. "Household gift-giving consumption and subjective well-being: evidence from rural China," Review of Economics of the Household, Springer, vol. 21(4), pages 1453-1472, December.

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    More about this item

    Keywords

    top incomes; subjective well-being; life satisfaction; happiness; income inequality; World Wealth & Income Database.;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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