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An evaluation of common explanations for the impact of income inequality on life satisfaction

(2019) JOURNAL OF HAPPINESS STUDIES. 20(3). p.777-794
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Abstract
This study explains how income inequality affects life satisfaction in Europe. Although research about the impact of income inequality on life satisfaction is inconclusive, authors suggest several reasons for its potential impact. In the literature section we discuss three types of explanations for the impact of inequality: pure aversion for inequality, aversion for inequality motivated by how an individual is personally affected by inequality and preferences for equality of opportunities. In order to test these explanations, we examine how three corresponding variables, respectively attitude towards redistribution, income and perceived mobility, interact with both actual and perceived income inequality in multilevel analyses using data from the European Values Survey. Our results reveal that there are significant differences between how people are affected by actual income inequality and how they are affected by perceived income inequality. The impact of perceived income inequality on life satisfaction depends on perceived mobility in society and income, while the impact of actual income inequality solely depends on perceived mobility. We conclude that traditional explanations often erroneously assume that people correctly assess income inequality. Moreover these explanations are more capable of clarifying the effect of perceived income inequality on life satisfaction than that of actual inequality.
Keywords
Income inequality, Income distribution, Life satisfaction, Perceived income inequality, Perceived mobility, QUALITY-OF-LIFE, PREFERENCES, REDISTRIBUTION, HAPPINESS, INDIVIDUALS, EUROPEANS, FAIRNESS, WEALTH, HAPPY

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MLA
Schalembier, Benjamin. “An Evaluation of Common Explanations for the Impact of Income Inequality on Life Satisfaction.” JOURNAL OF HAPPINESS STUDIES, vol. 20, no. 3, 2019, pp. 777–94, doi:10.1007/s10902-018-9970-6.
APA
Schalembier, B. (2019). An evaluation of common explanations for the impact of income inequality on life satisfaction. JOURNAL OF HAPPINESS STUDIES, 20(3), 777–794. https://doi.org/10.1007/s10902-018-9970-6
Chicago author-date
Schalembier, Benjamin. 2019. “An Evaluation of Common Explanations for the Impact of Income Inequality on Life Satisfaction.” JOURNAL OF HAPPINESS STUDIES 20 (3): 777–94. https://doi.org/10.1007/s10902-018-9970-6.
Chicago author-date (all authors)
Schalembier, Benjamin. 2019. “An Evaluation of Common Explanations for the Impact of Income Inequality on Life Satisfaction.” JOURNAL OF HAPPINESS STUDIES 20 (3): 777–794. doi:10.1007/s10902-018-9970-6.
Vancouver
1.
Schalembier B. An evaluation of common explanations for the impact of income inequality on life satisfaction. JOURNAL OF HAPPINESS STUDIES. 2019;20(3):777–94.
IEEE
[1]
B. Schalembier, “An evaluation of common explanations for the impact of income inequality on life satisfaction,” JOURNAL OF HAPPINESS STUDIES, vol. 20, no. 3, pp. 777–794, 2019.
@article{8560345,
  abstract     = {{This study explains how income inequality affects life satisfaction in Europe. Although research about the impact of income inequality on life satisfaction is inconclusive, authors suggest several reasons for its potential impact. In the literature section we discuss three types of explanations for the impact of inequality: pure aversion for inequality, aversion for inequality motivated by how an individual is personally affected by inequality and preferences for equality of opportunities. In order to test these explanations, we examine how three corresponding variables, respectively attitude towards redistribution, income and perceived mobility, interact with both actual and perceived income inequality in multilevel analyses using data from the European Values Survey. Our results reveal that there are significant differences between how people are affected by actual income inequality and how they are affected by perceived income inequality. The impact of perceived income inequality on life satisfaction depends on perceived mobility in society and income, while the impact of actual income inequality solely depends on perceived mobility. We conclude that traditional explanations often erroneously assume that people correctly assess income inequality. Moreover these explanations are more capable of clarifying the effect of perceived income inequality on life satisfaction than that of actual inequality.}},
  author       = {{Schalembier, Benjamin}},
  issn         = {{1389-4978}},
  journal      = {{JOURNAL OF HAPPINESS STUDIES}},
  keywords     = {{Income inequality,Income distribution,Life satisfaction,Perceived income inequality,Perceived mobility,QUALITY-OF-LIFE,PREFERENCES,REDISTRIBUTION,HAPPINESS,INDIVIDUALS,EUROPEANS,FAIRNESS,WEALTH,HAPPY}},
  language     = {{eng}},
  number       = {{3}},
  pages        = {{777--794}},
  title        = {{An evaluation of common explanations for the impact of income inequality on life satisfaction}},
  url          = {{http://dx.doi.org/10.1007/s10902-018-9970-6}},
  volume       = {{20}},
  year         = {{2019}},
}

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