Liliana Winkelmann, Rainer Winkelmann. Does Inequality Harm the Middle-Class?

Liliana Winkelmann, Rainer Winkelmann. Does Inequality Harm the Middle-Class?

The paper provides estimates of the e ect of economic inequality on middle class well being in Switzerland. Economic well being is proxied by a person's satisfaction with his/her income. Two inequality indicators are used, one standard (the Gini coecient of the pre-tax income distribution) and one novel (the number of luxury car registrations per 1000 population). Identi cation is through cross-sectional variation of these indicators at various levels of spatial aggregation. Results using data from the Swiss Household Panel con rm the existence of a robust inverse relationship between inequality and satisfaction among the middle class.



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Keywords: Economics of Happiness

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