Final answer:
The question relates to a study about relative wealth and how it impacts societal relationships and personal well-being. It also discusses the Gini coefficient, a measure of wealth inequality, and the factors influencing relationships in differing wealth scenarios.
Step-by-step explanation:
The question pertains to a study by Boyce, Brown & Moore (2010) which explores the concept of relative wealth, rather than absolute wealth, among 12,000 adults by measuring their Life Satisfaction (LS), income, geographical location, and how each participant's income ranks in comparison to their neighbors and people in similar professional fields.
Neighborhoods tend to segregate by income and educational levels, with individuals often living among those of similar social standing. This reflects the broader socio-economic stratification in society.
To understand wealth inequality, social scientists use measures like the Gini coefficient, which considers wealth disparities and shows how the wealth gap has evolved over time.
The Gini coefficient is significant because it measures inequality in wealth distribution, suggesting that while average incomes may rise, inequality can still increase if the wealth of the richest grows more substantially.
When examining relationships among individuals of differing wealth levels within personal networks like family or friends, several factors can influence these dynamics, including social status based on wealth, income, education, and occupation. Such disparities can impact subjective well-being and social interactions.
The complete question is: content loaded
Boyce, Brown & Moore (2010)
(relative, not absolute wealth)
data of 12,000 adults
measured LS, income, location,
each participants income ranked vs neighbors and ppl in similar fields is: