On free markets, income inequality, happiness and trust

Bjorn Lous

Research output: ThesisDoctoral Thesis

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Abstract

Even though on average Western countries are richer than ever before, an undercurrent of widespread discomfort and uncertainty has been revealed in recent years. This has led to renewed critical interest in the foundations and assumptions of the capitalist economic model. This thesis focuses on the role of inequality in the functioning of the economy. Specifically, three relationships are investigated. The first empirical chapter sets the general context, looking at the effect of economic freedom on (country-level) life satisfaction through income inequality. The second research chapter analyzes the effect of income inequality on trust and inequality in life satisfaction. The third and fourth chapters zoom in on the microeconomic level, discussing how national income inequality relates to individual life satisfaction, and to individual inclination to trust other people. In addition, the differences between different income groups are investigated, as well as between other socio-demographically defined groups.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Graafland, Johan, Promotor
  • Kooreman, Peter, Promotor
Award date31 Jan 2020
Place of PublicationTilburg
Publisher
Print ISBNs978 90 5668 620 8
Publication statusPublished - 2020

Fingerprint

Free market
Happiness
Income inequality
Life satisfaction
Uncertainty
Functioning
Income
Economic freedom
National income
Microeconomics

Cite this

Lous, B. (2020). On free markets, income inequality, happiness and trust. Tilburg: CentER, Center for Economic Research.
Lous, Bjorn. / On free markets, income inequality, happiness and trust. Tilburg : CentER, Center for Economic Research, 2020. 146 p.
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Lous, B 2020, 'On free markets, income inequality, happiness and trust', Doctor of Philosophy, Tilburg University, Tilburg.

On free markets, income inequality, happiness and trust. / Lous, Bjorn.

Tilburg : CentER, Center for Economic Research, 2020. 146 p.

Research output: ThesisDoctoral Thesis

TY - THES

T1 - On free markets, income inequality, happiness and trust

AU - Lous, Bjorn

N1 - CentER Dissertation Series Volume: 619

PY - 2020

Y1 - 2020

N2 - Even though on average Western countries are richer than ever before, an undercurrent of widespread discomfort and uncertainty has been revealed in recent years. This has led to renewed critical interest in the foundations and assumptions of the capitalist economic model. This thesis focuses on the role of inequality in the functioning of the economy. Specifically, three relationships are investigated. The first empirical chapter sets the general context, looking at the effect of economic freedom on (country-level) life satisfaction through income inequality. The second research chapter analyzes the effect of income inequality on trust and inequality in life satisfaction. The third and fourth chapters zoom in on the microeconomic level, discussing how national income inequality relates to individual life satisfaction, and to individual inclination to trust other people. In addition, the differences between different income groups are investigated, as well as between other socio-demographically defined groups.

AB - Even though on average Western countries are richer than ever before, an undercurrent of widespread discomfort and uncertainty has been revealed in recent years. This has led to renewed critical interest in the foundations and assumptions of the capitalist economic model. This thesis focuses on the role of inequality in the functioning of the economy. Specifically, three relationships are investigated. The first empirical chapter sets the general context, looking at the effect of economic freedom on (country-level) life satisfaction through income inequality. The second research chapter analyzes the effect of income inequality on trust and inequality in life satisfaction. The third and fourth chapters zoom in on the microeconomic level, discussing how national income inequality relates to individual life satisfaction, and to individual inclination to trust other people. In addition, the differences between different income groups are investigated, as well as between other socio-demographically defined groups.

M3 - Doctoral Thesis

SN - 978 90 5668 620 8

VL - 619

T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

CY - Tilburg

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Lous B. On free markets, income inequality, happiness and trust. Tilburg: CentER, Center for Economic Research, 2020. 146 p. (CentER Dissertation Series).