Économie et statistiques N° 91/2017 When Does Economic Growth Improve Life Satisfaction?

The best way for people to live depends on the quality of economic growth. The United States and China are two economic powers that have not helped to increase the welfare of their populations. In both countries, the increase in income inequality and the decline of social capital are two causes among other things.
A study of a large-scale data set covering nearly 30 years of time series of 46 states shows that in countries where income inequality is declining and social capital increasing, we can reasonably expect a positive relationship between economic growth and well-being.