January 9, 2025
The recent death of Richard Easterlin takes us back to his benchmark 1974 study of money and happiness and the avalanche of responses.
The recent death of Richard Easterlin takes us back to his benchmark 1974 study of money and happiness and the avalanche of responses.
During the past 50 years, economists have had different answers when asked about the connection between money and happiness.
Looking at money and happiness, studies have disagreed whether increasing income makes us happier...until now.
In 1974, a University of Pennsylvania economist concluded that there was a happiness plateau. Yes, we feel increasingly good as our income grows. But not beyond […]