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Happy January: Face Melting Chart of the Month

As you can clearly see:

1) Happiness inequality has narrowed since 1980;

2) The most happy have become less happy; and

3) The least happy have become happier.

Figure shows estimated percentiles in the happiness distribution implied by running a generalized ordered probit regression in which both the mean and variance of happiness are a linear function of year fixed effects.

From this we can derive the following*:

1) Inequality nowhere near what it was in 1928;

2) Likely that inequality nowhere near what it was in late 1800s.

Statistics don't lie unless they're impossible to figure out or have no relevance.

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