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September 09, 2021

Lesson: Can money buy happiness? A review of new data.

7 minutes

We look at three studies on money and happiness to find out when money can buy happiness and when it doesn't.

Find the graphs mentioned in the full article by Michael Plant & Julian Hazell: https://www.givingwhatwecan.org/post/2021/06/can-money-buy-happiness-a-review-of-new-data/

Watch the video on our YouTube channel:

https://youtu.be/JLfKZCzkBDs

00:00 - Introduction

00:48 - Kahneman and Deaton study

01:18 - Killingsworth study

03:00 - Killingsworth reformatted

04:40 - Are you spending money right?

05:38 - Spending money on others

06:30 - Conclusion

STUDIES MENTIONED:

- Daniel Kahneman and Angus Deaton (2010): https://www.princeton.edu/~deaton/downloads/deaton_kahneman_high_income_improves_evaluation_August2010.pdf

- Matthew A. Killingsworth (2021): https://www.pnas.org/content/118/4/e2016976118

- Elizabeth W. Dunn, Daniel T. Gilbert, Timothy D. Wilson (2010): https://scholar.harvard.edu/files/danielgilbert/files/if-money-doesnt-make-you-happy.nov-12-20101.pdf

- Elizabeth W. Dunn, Lara B. Aknin, Michael I. Norton (2008): https://pubmed.ncbi.nlm.nih.gov/18356530/

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