nic 🔹 @nmk.wtf · May 12

So instead we can ask what is the effect of inequality on the happiness relative to your neighbors. Here we do see a persistent negative coefficient. Even if you only compare countries to themselves in the past and future you keep seeing this effect.

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nic 🔹 · May 12

The effect is small but meaningful. A 33bp increase in the gini coefficient equates to ~1 step on the happiness ladder.