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It's Official: Money Can Buy Happiness

The Fed will be relieved to discover that, as Stevenson & Wolfers officially find, across and within each country, "happiness" rises with higher incomes...

 

 

Interesting, Stevenson & Wolfers also find, a clear role for absolute income and a more limited role for relative income comparisons in determining happiness. So stop comparing yourselves to everyone else and be happy!!

 

h/t @MaxCRoser