Top Incomes and Human Well-being Around the World

Burkhauser, Richard V., De Neve, Jan-Emmanuel and Powdthavee, Nattavudh (2015) Top Incomes and Human Well-being Around the World. Said Business School Working Paper 2015-25.

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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.

Item Type: Oxford Saïd Research Paper
Keywords: top income; life evaluation; well-being; income inequality; World Top Income Database; Gallup World Poll
Subject(s): Strategy; Entrepreneurship & Global business
Date Deposited: 12 Jan 2016 15:41
Last Modified: 14 Jan 2016 11:32
URI: http://eureka.sbs.ox.ac.uk/id/eprint/5875

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