Economic Growth Evens Out Happiness: Evidence from Six Surveys.
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ABSTRACT:
SUBMITTER: Clark AE
PROVIDER: S-EPMC5015123 | biostudies-literature | 2016 Sep
REPOSITORIES: biostudies-literature
Publications
Economic Growth Evens Out Happiness: Evidence from Six Surveys.
Clark Andrew E AE Flèche Sarah S Senik Claudia C
The Review of income and wealth 20150311 3
In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality has fallen in countries that have experienced income growth (but not in those that did not). Modern growth has reduced the share of both the "very unhappy" and the "perfectly happy". Lower happiness inequality is found both between and within countries, and between and within individuals. Our cross-country regression results argue that the extension of various public goods helps t ...[more]
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