Contribution to collective works (Parts of books)
Economic inequality and subjective wellbeing across the world
Clark, Andrew; d'Ambrosio, Conchita
2021In Gradín, Carlos; Leibbrandt, Murray; Tarp, Finn (Eds.) Inequality in the Developing World
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Keywords :
Barometers; Gini; Inequality
Abstract :
[en] We use repeated cross-section data from the Afrobarometer, Asianbarometer Latinobarometer, and Eurobarometer to analyse the variables that are correlated with current and future evaluations of standards of living. We consider resource comparisons (the gap in resources between richer and poorer individuals) and the normative evaluation of distribution (conditional on these gaps), given by the Gini coefficient. The ‘typical’ pattern of a negative effect of gaps on the better-off but a positive effect of gaps on the worse-off is found only in Europe: gaps for the better-off in Africa and America have no correlation with current life evaluations and are associated with more positive expectations of the future. There is no positive estimated coefficient for gaps to the worse-off in Asia. The Gini coefficient is negatively correlated with current life evaluation only in Asia. On the contrary, future life evaluations are more positive in more unequal countries in Africa and America.
Disciplines :
Social economics
Author, co-author :
Clark, Andrew
d'Ambrosio, Conchita ;  University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Behavioural and Cognitive Sciences (DBCS)
External co-authors :
yes
Language :
English
Title :
Economic inequality and subjective wellbeing across the world
Publication date :
2021
Main work title :
Inequality in the Developing World
Editor :
Gradín, Carlos
Leibbrandt, Murray
Tarp, Finn
Publisher :
Oxford University Press
ISBN/EAN :
9780198863960
Peer reviewed :
Peer reviewed
Available on ORBilu :
since 11 March 2021

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