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Inequality and social rank : income increases buy more life satisfaction in more equal countries
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Quispe-Torreblanca, E. G., Brown, G. D. A. (Gordon D. A.), Boyce, C. J., Wood, A. M. and 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. doi:10.1177/0146167220923853 ISSN 0146-1672.
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Official URL: 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.
Item Type: | Journal Article | |||||||||||||||
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Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HM Sociology H Social Sciences > HT Communities. Classes. Races J Political Science > JC Political theory |
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Divisions: | Faculty of Science, Engineering and Medicine > Science > Psychology | |||||||||||||||
Library of Congress Subject Headings (LCSH): | Income distribution -- Psychological aspects, Equality -- Research, Social classes -- Research | |||||||||||||||
Journal or Publication Title: | Personality and Social Psychology Bulletin | |||||||||||||||
Publisher: | Sage Publications Ltd. | |||||||||||||||
ISSN: | 0146-1672 | |||||||||||||||
Official Date: | 1 April 2021 | |||||||||||||||
Dates: |
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Volume: | 47 | |||||||||||||||
Number: | 4 | |||||||||||||||
Page Range: | pp. 519-539 | |||||||||||||||
DOI: | 10.1177/0146167220923853 | |||||||||||||||
Status: | Peer Reviewed | |||||||||||||||
Publication Status: | Published | |||||||||||||||
Access rights to Published version: | Open Access (Creative Commons) | |||||||||||||||
Date of first compliant deposit: | 20 May 2020 | |||||||||||||||
Date of first compliant Open Access: | 20 May 2020 | |||||||||||||||
RIOXX Funder/Project Grant: |
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