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...understand why, researchers at the University of Warwick and Cardiff University decided to break down how individual people evaluate their income. What does wealth mean to people? Previous work has suggested that people tend to value their own wealth more - and are happier - when it compares favorably to everyone else's. The so-called reference-income hypothesis holds that it's not simply how much money you make that contributes to satisfaction, but how much more money you make than, say, the national average. The higher your salary than the norm, the happier you tend to be. That could explain...

Author: /time Magazine | Title: Study: Money Isn't Everything — But Status Is! | 3/23/2010 | See Source »

...greater their sense of happiness and self-worth would likely be. "For example, people might care about whether they are the second most highly paid person, or the eighth most highly paid person, in their comparison set," write the authors, Chris Boyce, a psychologist at the University of Warwick, and Simon Moore, a psychologist at Cardiff University. (Read about the science of happiness...

Author: /time Magazine | Title: Study: Money Isn't Everything — But Status Is! | 3/23/2010 | See Source »

...Kudos to Bernanke for blunting the recession both in the U.S. and around the world. Innovation such as this is the only path out of our current economic slump. Robert Cassidy Warwick...

Author: /time Magazine | Title: Inbox | 1/25/2010 | See Source »

...blunting the recession both in the U.S. and around the world. Critics are a dime a dozen, but the Fed chairman's visionary innovation is worth a million times his weight in gold. Innovation such as this is the only path out of our current economic slump. Robert Cassidy, WARWICK...

Author: /time Magazine | Title: Bernanke: A Bad Call ... | 1/25/2010 | See Source »

Robert Cassidy, WARWICK...

Author: /time Magazine | Title: Inbox | 1/18/2010 | See Source »

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