Word: muchness
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...that makes sense: money buys you things that make life easier and more satisfying; the easier your life, the happier you tend to be. That relationship isn't entirely linear, since there's a limit to how much wealth can please you; the happiness benefit of an increasing income is especially powerful among people who don't have much money to start with, and diminishes as wealth increases. But studies also reveal that as average income levels have risen over time - in the U.S. and European nations, for example - residents of those countries have not reported being any happier than...
...individual people evaluate their income. What does wealth mean to people? Previous work has suggested that people tend to value their own wealth more - and are happier - when it compares favorably to everyone else's. The so-called reference-income hypothesis holds that it's not simply how much money you make that contributes to satisfaction, but how much more money you make than, say, the national average. The higher your salary than the norm, the happier you tend to be. That could explain in part why populations as a whole do not experience sunnier dispositions with economic growth, since...
Boyce and Moore found that an individual's rank, viewed this way, was a stronger predictor of happiness than absolute wealth. The higher a person ranked within his age group or neighborhood, the more status he had and the happier he was regardless of how much he made in dollars (or, in the study's case, pounds). "What we're trying to do is understand and explain why, over 30 to 40 years, the large economic growth we have experienced hasn't made us any happier," says Boyce. "If absolute income matters, as we increased our income, everybody should...
Eighteen months in the making and a year in the revealing, the much-anticipated report of the Committee to Review the Administrative board is finally in the open. The report, released by Dean of the College Evelynn M. Hammonds on Mar. 10, consists of three parts: The first covers changes that have already been implemented by Dean Hammonds at her discretion, the second contains recommendations for changes to faculty rules that will require a vote of the Faculty of Arts and Sciences for implementation, and the third presents a set of issues for further “discussion and consideration...
...rules, personal advisors to students undergoing Ad Board review are also allowed expanded capacity to guide their advisees through Ad Board procedures. In the interest of reducing student anxiety during personal appearances before the Ad Board, such appearances will now take place in front of a much smaller sub-committee of typically six or fewer members (as opposed to the entire Ad Board...