[GROOVING SESSION] Does Money Really Make You Happy? The Research with Johannes Haushofer

<p>Kurt and Tim discuss the links between poverty and mental health, how higher income is linked to better well-being, and the idea of a Universal Basic Income. This is a free-flowing discussion delving into the insights from their most recent interview with Johannes Haushofer (episode #244), Assistant Professor of Economics at Stockholm University. While you are welcome to listen to this episode as a stand-alone, we recommend you download our interview with Johannes first before joining us here. </p> Topics You Will Learn About: <ul><li style="font-weight:400;">Higher income being related to better well-being.</li> <li style="font-weight:400;">The effects of poverty on cognitive function, creativity, stress, health and long-term outcome decisions.</li> <li style="font-weight:400;">Universal Basic Income; the behavior changes it could induce.</li> <li style="font-weight:400;">The replication crisis of research studies in psychology.</li> <li style="font-weight:400;">The value of Johannes studying poverty outside of WEIRD countries.</li> </ul> <p>“So there was a pretty strong relationship between income and happiness, both within and across countries. Rich people are happier than poor people within the same country. But also richer countries, on average, are happier than poor countries.” ~ Johannes Haushofer quote from Behavioral Grooves podcast interview.</p> <p>If you are a regular listener to Behavioral Grooves, please consider donating to our work through Patreon<a href='https://www.patreon.com/behavioralgrooves'> https://www.patreon.com/behavioralgrooves</a>. We also love reading your reviews on the podcast, which gives other listeners social proof that we’re worth listening to!</p> Links <p>Betsey Stevenson and Justin Wolfers, “Subjective Well-Being and Income: Is There Any Evidence of Satiation?”: <a href='https://www.aeaweb.org/articles?id=10.1257/aer.103.3.598'>https://www.aeaweb.org/articles?id=10.1257/aer.103.3.598</a> </p> <p>Episode 155: John Bargh: Dante, Coffee and the Unconscious