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The Economics of Happiness, Part 4: Are Rich People Happier Than ...

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The Economics of Happiness, Part 4: Are Rich People Happier Than ...

Continuing on the theme of the relationship between income and happiness (previous posts: 1, 2 , and 3), let me show you what Betsey Stevenson and I learned when comparing the happiness of rich and poor people. Let’s begin with the most recent data from the 2006 General Social Survey, which asked: “Taken all together, …

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