Psychology
The Effects of Income Inequality on Subjective Well-Being
Quick fact
People in countries with higher income inequality report lower average levels of happiness, even after controlling for individual income—so being richer doesn't fully shield you from the effects of a wide gap.
Why this is interesting
You’d think a bigger paycheck always makes people happier—but what if the gap between your pay and your neighbor’s matters even more? Why does inequality itself affect your well-being?