Thursday, January 25, 2007

Cowen on Inequality

In today's NY Times, Tyler Cowen has a nice piece on inequality. Here are two facts I learned from it:
Studies of personal happiness, based on questionnaires and self-reporting, indicate that the inequality of happiness is not growing over time in the United States. Furthermore, the United States has an inequality of happiness roughly comparable to that of Sweden or Denmark, two nations with strongly egalitarian reputations.