@inbook{e9cc3ee531fe46e4974697b5b80e5532,
title = "Wealth, happiness and happiness inequality in China",
abstract = "Much literature explores the relationship between income and happiness, but the literature on wealth and happiness is more limited. We use longitudinal data for China to examine the effect of absolute wealth, relative wealth and key components of wealth on happiness and happiness inequality. We find that wealthier people are generally happier and that the rank order of one{\textquoteright}s wealth, relative to comparators, matters for happiness. We also find that an increase in the wealth of those to whom we compare ourselves generally lowers happiness, consistent with a jealousy or status effect. Implications of redistributive policies are discussed.",
keywords = "Happiness inequality, China, Comparison, Status effect",
author = "Haining Wang and Zhiming Cheng and Russell Smyth",
year = "2019",
doi = "10.1007/978-3-030-05535-6\_20",
language = "English",
isbn = "9783030055349",
series = "Social Indicators Research Series",
publisher = "Springer, Springer Nature",
pages = "445--461",
editor = "Ga{\"e}l Brul{\'e} and Christian Suter",
booktitle = "Wealth(s) and subjective well-being",
address = "United States",
}