|Appears in Collections:||Management, Work and Organisation Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Inequality and Social Rank: Income Increases Buy More Life Satisfaction in More Equal Countries|
|Author(s):||Quispe-Torreblanca, Edika G|
Brown, Gordon D A
Boyce, Christopher J
Wood, Alex M
De Neve, Jan-Emmanuel
|Citation:||Quispe-Torreblanca EG, Brown GDA, Boyce CJ, Wood AM & De Neve J (2021) Inequality and Social Rank: Income Increases Buy More Life Satisfaction in More Equal Countries. Personality and Social Psychology Bulletin, 47 (4), pp. 519-539. https://doi.org/10.1177/0146167220923853|
|Abstract:||How do income and income inequality combine to influence subjective well-being? We examined the relation between income and life satisfaction in different societies, and found large effects of income inequality within a society on the relationship between individuals’ incomes and their life satisfaction. The income–satisfaction gradient is steeper in countries with more equal income distributions, such that the positive effect of a 10% increase in income on life satisfaction is more than twice as large in a country with low income inequality as it is in a country with high income inequality. These findings are predicted by an income rank hypothesis according to which life satisfaction is derived from social rank. A fixed increment in income confers a greater increment in social position in a more equal society. Income inequality may influence people’s preferences, such that in unequal countries people’s life satisfaction is determined more strongly by their income.|
|Rights:||This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access pages (https://us.sagepub.com/en-us/nam/open-access-at-sage).|
|0146167220923853.pdf||Fulltext - Published Version||396.93 kB||Adobe PDF||View/Open|
This item is protected by original copyright
A file in this item is licensed under a Creative Commons License
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
If you believe that any material held in STORRE infringes copyright, please contact email@example.com providing details and we will remove the Work from public display in STORRE and investigate your claim.