Financial Resources Impact the Relationship between Meaning and Happiness

Rhia Catapano, Jordi Quoidbach, Cassie Mogilner and Jennifer Aaker
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Rhia Catapano: Rotman School of Management
Jordi Quoidbach: ESADE Business School
Cassie Mogilner: UCLA
Jennifer Aaker: Stanford Graduate School of Business

Research Papers from Stanford University, Graduate School of Business

Abstract: Do financial resources relate to how important meaning is for one's happiness? Across three large-scale datasets spanning over 500,000 individuals across 123 countries, we examined the relationship between meaning and happiness for individuals who vary in financial resources. Whether based on actual income level (Studies 1 and 2) or subjective assessments of socio-economic status (Study 3), the results reveal that meaning is a weaker predictor of happiness for individuals with greater (vs. lesser) financial resources. Collectively, these studies suggest that having greater financial resources weakens the link between meaning and happiness.

Date: 2022-01
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:stabus:4003

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