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Money and Morale

Growing Inequality Affects How Americans View Themselves and Others

Bibliographic Data

ID5741922
AuthorsM Hout (0000-0003-3634-7498, corresponding author)
Year2016
Volume663
Issue1
Pages204-228
Publication date2016-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Annals of the American Academy of Political and Social Science (JOURNAL)
Journal identifiersISSN: 0002-7162 • E-ISSN: 1552-3349
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0002716215596973
OpenAlexW2259175538
LanguageEN
Citations received8
References cited13

Dozens of past studies document how affluent people feel somewhat better about life than middle-class people feel and much better than poor people do. New analyses of the General Social Surveys from 1974 to 2012 address questions in the literature regarding aggregate responses to hard times, whether the income-class relationship is linear or not, and whether inequality affects happiness. General happiness dropped significantly during the Great Recession, suggesting that the income-happiness relationship might also exist at the macro level. People with extremely low incomes are not as unhappy as a linear model expects, but there is no evidence of a threshold beyond which personal happiness stops increasing. Comparing happiness over the long term, the affluent were about as happy in 2012 as they were in the 1970s, but the poor were much less happy. Consequently, the gross happiness gap by income was about 30 percent bigger in 2012 than it was in the 1970s. A multivariate model shows that the net effect of income on happiness also increased significantly over time

Demographic economics · Economics · Happiness · Inequality · Health disparities and outcomes · Mathematics · Optimism, Hope, and Well-being · Psychological Well-being and Life Satisfaction · Psychology · Social Psychology

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Unique citing works8
Citations per year0,8
Citation span2016 - 2025 (10)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 7

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