Abstract:
Using pooled cross-sectional data from China General Society Survey, the empirical results demonstrate that income distribution unfairness will significantly reduce the happiness of respondents by 8.4%. Without medical insurance or old age insurance would reduce the happiness by 4.84% and 4.64% respectively. Social insurance is an important factor contributing to China's income distribution unfair. The respondents' happiness will grow 5.32% while their social economic status rise up one unit. The absolute income still has a significant effect and a conversed U-style relationship with happiness. Compared by their coefficients and significances, the income distribution unfair has the largest effect on happiness, the second is relative income, and the last is absolute income. These results indicate that the Chinese worries much less about income, while more about income distribution inequality and most against income distribution unfairness.
阳义南, 章上峰. 收入不公平感、社会保险与中国国民幸福[J]. 金融研究, 2016, 434(8): 34-50.
YANG Yinan, ZHANG Shangfeng. Income Distribution Unfairness, Social Insurance and Happiness of the Chinese. Journal of Financial Research, 2016, 434(8): 34-50.
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