Growth

Rich and Co.

“Higher incomes make people happier. It takes ever larger increases in absolute income to yield a given improvement in happiness (happiness rises with the log of income), but there is no point of saturation. Within countries, richer people are happier than poor people. Globally, rich countries are happier than poor countries.”

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Written by Rich and Co.

July 17, 2011 at 11:09 pm

Posted in Uncategorized

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