Happiness inequality and income inequality: theories, measurement, and trends

SOURCE: Reduced inequalities: encyclopedia of the UN sustainable development goals
OUTPUT TYPE: Chapter in Monograph
PUBLICATION YEAR: 2021
TITLE AUTHOR(S): Q.Mathentamo, W.Lunga
SOURCE EDITOR(S): W.L.Filho
KEYWORDS: HAPPINESS, HOUSEHOLD INCOME, INCOME INEQUALITY, INEQUALITIES, STATISTICS, SUSTAINABLE DEVELOPMENT GOALS
DEPARTMENT: Developmental, Capable and Ethical State (DCES), Impact Centre (IC), Impact Centre (PRESS), Impact Centre (CC)
Print: HSRC Library: shelf number 11704
HANDLE: 20.500.11910/15652
URI: http://hdl.handle.net/20.500.11910/15652

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Abstract

Happiness is self-reported by individuals and people report different levels of happiness. Some people report high levels while others report low levels of happiness. The magnitude of the difference between the reported levels of happiness reflects happiness inequality. Individuals and countries have access to income, but income is not shared equally between countries and individuals. Individuals or countries may have a greater portion of income compared to other individuals or countries, such disparity in income earnings is known as income inequality.