HappinessEconomics -...

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Unformatted text preview: http://www.nytimes.com/2004/07/11/weekinreview/11dash.html? pagewanted=print&position= July 11, 2004 Sex May Be Happiness, but Wealth Isn't Sexiness By ERIC DASH ROVERBIALLY, money buys neither love nor happiness, only sex. ("Success in the boardroom guarantees success in the bedroom.") But nobody ever tried to prove it. Recently, however, two economists, David G. Blanchfower oF Dartmouth College and Andrew J. Oswald oF the University oF Warwick in England, submitted a working paper called "Money, Sex and Happiness: An Empirical Study," to the National Bureau oF Economic Research, one oF the leading organizations in its ¡eld. The authors say their study is ¡rst rigorous econometric analysis on the topic, and it that the received wisdom may require some revision. As the paper states: "Money does seem to seem to buy greater happiness. But it does not buy more sex." Mr. Blanchfower and Mr. Oswald are among the leaders in the Fast-growing ¡eld oF "happiness economics," which applies econometric techniques, traditionally limited to quanti¡able matters like wage rates, to the amorphous arena oF human emotion. Areas oF research include how happiness is aFFected by democracy (it increases individual happiness), or new cigarette taxes (smokers, oddly, become happier)....
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This note was uploaded on 04/02/2010 for the course EE EE taught by Professor Tai during the Fall '10 term at Punjab Engineering College.

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HappinessEconomics -...

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