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Evaluating the Link Between Income Inequality and Work Hours
A consistent finding across several countries in the 20th century is that when the wealthiest 1% of the population holds a larger share of the total national income, the average annual work hours for the general population tend to be higher. While one explanation centers on social comparison and the desire to keep up with the consumption of the rich, what are other potential economic or social factors that could also explain this observed positive association? Discuss at least two alternative explanations.
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Economics
Economy
Introduction to Microeconomics Course
CORE Econ
Social Science
Empirical Science
Science
Evaluation in Bloom's Taxonomy
Cognitive Psychology
Psychology
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Evaluating the Link Between Income Inequality and Work Hours
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