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Mohammad Mohammadipour

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Can Money Buy Happiness?

Maybe more cash does make people happier. Especially salient are analyses done by University of Pennsylvania economists Daniel Sacks, Betsey Stevenson, and Justin Wolfers. In their updated 2010 study, “Subjective Well-Being, Income, Economic Development and Growth,” the three compare subjective well-being survey data from 140 countries with those countries' income and economic growth rates. The researchers find that within individual countries richer people are happier than poorer; people in richer countries are happier than people in poorer countries; and over time increased economic growth leads to increased happiness. “These results together suggest that measured subjective well-being grows hand in hand with material living standards,” they conclude..

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  • Feb 19 2013: "Can money buy happiness?" I personally am not sure about that, but the idea of amount of happiness between developed countries and poor countries. The revolution in technology which began by Internet in 1950 made more connection between people around the world. Expectations of people who live in poor countries, are going to be more than before by seeing the matter of quality of high-level life in rich countries. In fact, welfare loss in societies that members of those societies are dealing with economy issues, while they are working as well as and as much as rich countries is the cause of existing these expectations.

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