Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130347
Authors: 
Burkhauser, Richard V.
De Neve, Jan-Emmanuel
Powdthavee, Nattavudh
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 9677
Abstract: 
The share of income held by the top 1 percent in many countries around the world has been rising persistently over the last 30 years. But we continue to know little about how the rising top income shares affect human well-being. This study combines the latest data to examine the relationship between top income share and different dimensions of subjective well-being. We find top income shares to be significantly correlated with lower life evaluation and higher levels of negative emotional well-being, but not positive emotional well-being. The results are robust to household income, individual's socio-economic status, and macroeconomic environment controls.
Subjects: 
top income
life evaluation
well-being
income inequality
World Top Income Database
Gallup World Poll
JEL: 
D63
I3
Document Type: 
Working Paper

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