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Rising Income Inequality During the Great Recession Had No Impact on Subjective Wellbeing in Europe, 2003-2012.
Rising Income Inequality During the Great Recession Had No Impact on Subjective Wellbeing in Europe, 2003-2012.
- Source :
-
Journal of Happiness Studies . Jan2019, Vol. 20 Issue 1, p203-228. 26p. 6 Charts, 3 Graphs. - Publication Year :
- 2019
-
Abstract
- The Great Recession increased income inequality by an average of 6%. We assesses the impact of that on subjective wellbeing (happiness, life satisfaction). Data: European Quality of Life survey, 25 representative national samples at three time points, over 70,000 respondents. Analysis: variance-components multi-level models controlling for GDP per capita (an essential point) and individual-level predictors. Findings: income inequality has no statistically significant impact before, during, or after the Great Recession. Instead (contrary to much previous research) a straightforward individualistic utilitarian-materialist understanding is supported: money does increase wellbeing but inequality itself—the gap between rich and poor—is irrelevant. [ABSTRACT FROM AUTHOR]
- Subjects :
- *INCOME inequality
*QUALITY of life
*RECESSIONS
*HAPPINESS
*DATA quality
Subjects
Details
- Language :
- English
- ISSN :
- 13894978
- Volume :
- 20
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Journal of Happiness Studies
- Publication Type :
- Academic Journal
- Accession number :
- 134623009
- Full Text :
- https://doi.org/10.1007/s10902-017-9917-3