Can't buy me love

Author:
Updated:
Original:

According to a recent study in the Journal of Socio-Economics, the “happiness” of not spending your life at a bank can almost equal those gargantuan bonuses that were paid out this year (or the ones analysts are about to receive).
The University of London study run by social economist Nattavudh Powdthavee surveyed 10,000 Britons and placed them on a “life satisfaction scale.” Using some shadow pricing regression analysis and other wonderfully fuzzy math, Powdthavee determined the dollar amount it would take to move from point to point on the scale. The study concluded that the following differences in one’s life were worth the following amounts annually:
- Increase in health from SeamlessWeb-ass to excellent: $631k
- Increase in face time with friends and relatives from rarely to most days (in the workplace of life, there is such thing as face time): $179k
- Talking to (non cube) neighbors more often: $79k
- Getting married (to something besides your most recent model): $105k
Powdthavee does concede that removing some letters from his name would be worth at least $500k annually, and that most people do choose to take the actual money made from work, rather than the implied payoff from better health and relationships. You can always buy that gym membership, and Amanda Peterson's new dress.
Good health, relationships make us happier than money, new study says [Leader-Post via Freakonomics]

Related