The key to happiness

Today we are going to figure out the key to happiness.  As our guide, we won’t use the Dalai Lama or self-help guru.  Instead, we will look at the research of economists Richard Easterlin and Onnicha Sawangfa (what did you expect…this is an economics blog after all). Their study is unique as it not only measures…

Are Rich people Happier?

Economists have generally found that rich people are happier.  People who are wealthy are likely to be happier than those who have trouble affording food, clothes, or shelter.  What is driving this happiness differential?  Is the additional happiness from additional wealth due to the fact that you can more easily fulfill basic needs, or is…

Closing the (Happiness) Inequality Gap

Income inequality has generally increased since the 1970s. Even for researchers who find that income inequality has Does this mean that happiness inequality has also increased? An NBER working paper by Betsey Stevenson and Justin Wolfers claims that this is not the case. Below is the a portion of the abstract. While there has been…