The joy of Mammon

Adrian Furnham
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Adrian Furnham: University College London

A chapter in People Management in Turbulent Times, 2009, pp 88-89 from Palgrave Macmillan

Abstract: Abstract Theologians say they always knew it. Psychologists, too, are rightfully feeling a little smug. Economists are threatened. And various marketing people are horrified. Study after study shows that, among the “non-poor,” increased income has precious little, or indeed no, long-lasting effect on personal happiness. Any increase over the average wage has no discernible impact on happiness.

Keywords: Average Wage; Conspicuous Consumption; Happy People; Personal Happiness; Economic Psychology (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23961-6_28

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DOI: 10.1057/9780230239616_28

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