Money can’t buy happiness. “This sentiment is lovely, popular, and almost certainly wrong,” says Harvard psychologist Daniel Gilbert in a paper he coauthored. Money provides an “opportunity for happiness,” the authors say, since moneyed people can live longer and healthier lives, enjoy financial security, have leisure time, and control what More
“What to Do With Dirty Money?” by C. Nathan DeWall; “Human Strengths Amid the Challenges of Poverty” by David Myers More
Generous spending leads to increased well-being, while volunteering shows no clear causal link to happiness, says Lara Aknin, social psychologist and associate professor in the Department of Psychology at Simon Fraser University. Aknin, along with researchers from Harvard Business School and the University of British Columbia, contributed a chapter to More
Here’s what we know about salary transparency: Workers are more motivated when salaries are transparent. They work harder, they’re more productive, and they’re better at collaborating with colleagues. Across the board, pay transparency seems to be a good thing. Transparency isn’t just about business bottom line, however. Researchers say transparency More
Altruistic people tend to score higher on many measures of life satisfaction. Yes, that seems counterintuitive, and such scales can admittedly be subjective. So a research team decided to explore the relationship between selflessness and two outcomes we are evolutionarily programmed to desire: wealth and procreation. It reports generous people have More
What is the best way to spend money to increase your happiness? A series of studies suggests that it may depend, in part, on how wealthy you are. More
