[lbo-talk] happiness

Michael Perelman michael at ecst.csuchico.edu
Wed Nov 28 18:57:07 PST 2007

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Cross country surveys show that average happiness does not increase when a country becomes richer AFTER the per capital GDP increases above $15,000.

Social ranking is a major factor although people do revert back to their previous level of happiness after big changes in life situations, winning a lottery or losing a leg.

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com

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