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A Different Rationale for Redistribution : Pursuit of Happiness in the European Union


Reference:

Cullis, J., Hudson, J. and Jones, P., 2009. A Different Rationale for Redistribution : Pursuit of Happiness in the European Union. Working Paper. Bath, U. K.: Department of Economics, University of Bath. (Bath Economics Research Working Papers; 10/09)

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    Official URL:

    http://www.bath.ac.uk/economics/research/working-papers

    Abstract

    This paper explores the importance of the determinants of happiness when assessing the case for international redistribution. It presents a different rationale for international redistribution with reference to the impact that absolute levels of income and relative levels of income exert on happiness. The case for redistribution is so strong that it exists even when citizens are envious of one another and malevolent toward one another. The importance of these two determinants of happiness is explored when assessing the case for redistribution between member states of the European Union. An analysis of the importance of these determinants in the European Union reveals that there is significant scope for further redistribution to increase happiness. An index of happiness is constructed and simulations are presented to shed insight into the role that governments might play in the pursuit of happiness.

    Details

    Item Type Reports/Papers (Working Paper)
    CreatorsCullis, J., Hudson, J. and Jones, P.
    DOI10/09
    DepartmentsFaculty of Humanities & Social Sciences > Economics
    RefereedNo
    StatusPublished
    ID Code15968

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