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dc.contributor.authorBjørnskov, Christianen_US
dc.contributor.authorDreher, Axelen_US
dc.contributor.authorFischer, Justina A. V.en_US
dc.contributor.authorSchnellenbach, Janen_US
dc.date.accessioned2010-01-18en_US
dc.date.accessioned2011-10-06T15:40:07Z-
dc.date.available2011-10-06T15:40:07Z-
dc.date.issued2009en_US
dc.identifier.pidoi:10.3929/ethz-a-005946710en_US
dc.identifier.urihttp://hdl.handle.net/10419/50348-
dc.description.abstractIn this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived fairness will experience higher levels of life-time utility and are less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is perceived more positively with increased expected fairness. The opposite is expected for countries with low actual social mobility, due to an increasing relevance of a disappointment effect resulting from unsuccessful individual investments. Using the World Values Survey data and a broad set of fairness measures, 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 disappointment effect in low social mobility countries. In contrast, the results for high-mobility countries turn out to be ambiguous.en_US
dc.language.isoengen_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesKOF working papers // KOF Swiss Economic Institute, ETH Zurich 245en_US
dc.subject.jelI31en_US
dc.subject.jelH40en_US
dc.subject.jelD31en_US
dc.subject.jelJ62en_US
dc.subject.jelZ13en_US
dc.subject.ddc330en_US
dc.subject.keywordHappinessen_US
dc.subject.keywordlife satisfactionen_US
dc.subject.keywordsubjective well-beingen_US
dc.subject.keywordinequalityen_US
dc.subject.keywordincome distributionen_US
dc.subject.keywordredistributionen_US
dc.subject.keywordpolitical ideologyen_US
dc.subject.keywordjusticeen_US
dc.subject.keywordfairnessen_US
dc.subject.keywordWorld Values Surveyen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwZufriedenheiten_US
dc.subject.stwVerteilungsgerechtigkeiten_US
dc.subject.stwEigeninteresseen_US
dc.subject.stwWahrnehmungen_US
dc.subject.stwSoziale Lageen_US
dc.subject.stwWelten_US
dc.titleOn the relation between income inequality and happiness: Do fairness perceptions matter?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn616681534en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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