Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108311
Authors: 
Hajdu, Tamás
Hajdu, Gábor
Year of Publication: 
2013
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2013/20
Abstract: 
Using four waves of the European Social Survey, we analyze the association of income inequality and redistribution with subjective well-being. Our results provide evidence that people in Europe are negatively affected by income inequality, while reduction of inequality has a positive effect on well-being. Since we simultaneously estimate the effects of inequality and its reduction, our results indicate that not only the perceived income inequality what influences subjective well-being, but also the process, the extent of redistribution, what lead to that state. These impacts are different in Eastern and Western Europe. Inequality aversion and the positive effect of redistribution seem to be stronger also for less affluent members of the societies and left-wing oriented individuals.
Subjects: 
subjective well-being
satisfaction
income inequality
redistribution
JEL: 
D63
I31
ISBN: 
978-615-5243-76-9
Document Type: 
Working Paper

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