Research

A different rationale for redistribution: pursuit of happiness in the European Union


Reference:

Cullis, J., Hudson, J. and Jones, P., 2011. A different rationale for redistribution: pursuit of happiness in the European Union. Journal of Happiness Studies, 12 (2), pp. 323-341.

This is the latest version of this item.

Related documents:

This repository does not currently have the full-text of this item.
You may be able to access a copy if URLs are provided below. (Contact Author)

Official URL:

http://dx.doi.org/10.1007/s10902-010-9190-1

Abstract

This paper considers the role of redistribution in the light of recent research findings on self reported happiness. The analysis and empirical work reported here tries to relate this to a representative actor 'homo realitus' and the 'pursuit of happiness' rather than the traditional 'homo economicus'. Econometrically estimating the determinants of happiness in the European Union (EU) using Eurobarometer data and the construction of an 'Index of Happiness' facilitates policy simulations. Such simulations find that in terms of average happiness there is little advantage to redistributing income within a country, but more from redistributing income between countries. The importance for happiness of relative income, average standard of living, marital status and age are confirmed. The theoretical rationale for redistribution is also examined.

Details

Item Type Articles
CreatorsCullis, J., Hudson, J. and Jones, P.
DOI10.1007/s10902-010-9190-1
Uncontrolled Keywordsincome redistribution, eu, happiness
DepartmentsFaculty of Humanities & Social Sciences > Economics
Research CentresBath Economics Research
RefereedYes
StatusPublished
ID Code23617

Export

Available Versions of this Item

Actions (login required)

View Item