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How does inequality affect non-economic aspects of development (social capital, wellbeing, happiness References for well being and happiness: Required reading: Alesina, A., Di Tella, R., & MacCulloch, R. (2004). Inequality and happiness: are Europeans and Americans different?. Journal of Public Economics, 88(9), 2009-2042. Easterlin, Richard. 1995. “Will Raising the Incomes of All Increase the Happiness of All?” Journal of Economic Behavior and Organization, 27(1): 35-47. Frank, ...

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