Does Money Buy Immigrant Happiness?

The relationship between income and happiness for international immigrants has been relatively unexplored. A handful of cross-sectional studies has shown that income and happiness are positively correlated after migration, and that wealthier immigrants are more satisfied with their post-migration lives than are their less privileged peers. What is unclear is if the link between income and happiness remains positive as immigrants assimilate to life in a new country. This question is the focus of our study. Using longitudinal data from over 10,000 immigrants tracked up to 30 years in the German Socio-Economic Panel Survey, we set out to provide some insight into the long-term relationship between immigrants’ self-reported life satisfaction and the level of their income in its absolute form. Longitudinal analyses revealed that immigrants who experienced increases in income over time reported greater satisfaction with life and that the income-happiness link remained relatively stable over time. The effect of absolute income on immigrants’ happiness was, nevertheless, small. We also observed that country of origin played an important role in the post-migration association between income and happiness. Income was a stronger predictor of the life satisfaction of immigrants from poorer origins than it was for their wealthier counterparts.     

Can Money Buy Happiness? Evidence for European Countries

This research comes to empirical investigate the influence of income on the level of happiness. Can money buy happiness? It’s one of the most frequently disputed and researched questions of all time. At first sight, it seems easy to assign a simple answer: yes or no, but the correct answer is more difficult than these. We start from the assumption that people need to be happy but also need financial resources to feel safe. We used a panel analysis on a sample of 26 European countries over the period 2008–2016. We found that happiness increases with individual income until a threshold of 27,913 Euro per year (rounded to 35,000 USD) in European countries. Also, we found that culture plays an essential role in the perception of happiness. Moreover, our results indicate that a lower power distance, a high individualism, a low level of uncertainty avoidance and a high indulgence statistically increase the level of happiness.

     

Can Empathy Promote Cooperation When Status and Money Matter?

Abstract

In the present study we ask, Does empathy also support cooperative behaviors when the status (high, low) of an individual differs relative to other group members and is determined by either chance or effort? In response to this unexplored question, the present study involved a series of 4 experiments using a linear public goods game (Experiment 1–3, 4-player; Experiment 4, 2-player). Regardless of the way in which status was achieved (chance, effort), those with low status cooperated more compared with their high-status counterparts. Empathy in and of itself revealed very small overall increases in cooperative behavior. Overall, status and monetary incentives appear to be more salient than empathy in guiding behaviors in a social dilemma task.     

Money for research participation: does in jeopardize informed consent?

Some are concerned about the possibility that offering money for research participation can constitute coercion or undue influence capable of distorting the judgment of potential research subjects and compromising the voluntariness of their informed consent. The author recognizes that more often than not there are multiple influences leading to decisions, including decisions about research participation. The concept of undue influence is explored, as well as the question of whether or not there is something uniquely distorting about money as opposed to a chance for treatment or medical care. An amount of money that is not excessive and is calculated on the basis of time or contribution may, rather than constitute an undue inducement, be an indication of respect for the time and contribution that research subjects make.     

Self-rated right–left confusability and performance on the Money Road-Map Test

This study assessed the relationship between self-rated right–left confusability and performance on the Money Road-Map Test (MRMT). Eighty-six undergraduate university students (44 women and 42 men) rated right–left subjective confusability using a questionnaire, and then completed the MRMT. Low- and high-confusability groups were determined using self-rated confusability scores. The high-confusability participants were less accurate and slower than the low-confusability participants in completing the MRMT. Self-confusability ratings significantly correlated with both accuracy scores and completion times on the MRMT. Although, women showed a significantly greater inclination than men to judge themselves as being more prone to confusion in right–left discrimination, the male advantage was not observed in terms of accuracy of response: there was a significant difference only in the completion time on the MRMT.     

Does More Money Make You Happier? Why so much Debate?

Easterlin’s famous paradox questioned standard economic assumptions about a fundamental relationship in economics: that between happiness and income. In recent years there has been renewed debate about the paradox. In this essay, I highlight some of the methodological issues and challenges underlying that debate. I focus on the sensitivity of the results to the method selected, the choice of micro or macro data, and the way that happiness questions are defined and framed, all of which result in divergent conclusions. I also note the mediating role of the pace and nature of economic growth, institutional frameworks, and inequality. What is most notable is the remarkable consistency in the determinants of individual happiness – including income – within countries of diverse income levels and, at the same time, how happiness is affected by cross-country differences that are related to average per-capita income levels, such as political freedom and public goods. Income clearly plays a role in determining both individual and country level happiness. Still, assessing its role relative to other more difficult to measure factors as countries develop in new ways and at different rates will remain a challenge for the foreseeable future.     

‘Serving Two Masters’: Protestant Churches in Korea and Money

Materialism or religio-economic entrepreneurship has been a primary impetus for the explosive growth of Protestant churches in Korea, especially since the 1960s, when rapid industrialisation began to propel Korean society into tremendous economic prosperity. However, since the early 1990s, there has been stagnation, even decline. The primary aim of this article is to identify the most pressing problems facing the Korean Protestant churches and show how these problems have begun to render them less vibrant and possibly to bring about decline in their membership. More specifically, the article identifies how materialism, having deeply penetrated Korean Christianity, led it first to grow and then decline; thus robbing it of its requisite or intrinsic organisational characteristics – being the light and salt of the world.     

Cinematic Creativity and Production Budgets: Does Money Make the Movie?

Although filmmaking requires substantial capital investment, it is not known whether cinematic creativity is positively correlated with the size of the film's budget. Therefore, budgetary impact was investigated in a sample of feature films released between 1997 and 2001. Although production costs were positively related to box office success (as measured by both first weekend and gross), such expenditures had no correlation with best picture awards and were negatively correlated with critical acclaim (as gauged by both film reviews and movie guide ratings). These divergent consequences could be partly interpreted in terms of how the budget and success criteria differentially correlated with what have been identified as the four creative clusters of filmmaking, namely, the dramatic, visual, technical, and musical.     

Framing Effects and Arenas of Choice: Your Money or Your Life?

This paper investigates the consistency of outcome framing effects on choice across two arenas of outcome: human life and money. Past research has yielded notable variability in the magnitude of framing effects. One possible contributor to the variation in magnitude is outcome arena. Past research has varied along this dimension without systematically assessing its effects. Undergraduates (N= 297) responded to three decision scenarios involving either human lives or money in which outcomes were framed either positively or negatively. Based on prospect theory, an interaction between framing and arena was predicted, such that a greater framing effect was expected in the human life arena (i.e., more risky choices were expected when outcomes involved human life than money in the negative frame and the reverse in the positive frame). Results were only partly consistent with this prediction. Regardless of frame, subjects made riskier choices when outcomes involved human lives rather than money. This was not expected for the positive frame. Even though human lives presumably have greater utility than dollars, subjects in the positive framing condition made riskier choices regarding human life than money. Additionally, no overall framing effect was observed. There was a significant sex by frame interaction such that only women exhibited framing effects on choice. This extends the finding of sex differences in framing to the monetary arena. This has important implications for the conduct of future studies on framing as well as for the interpretation of past and future framing research.     

From wealth to well-being? Money matters,but less than people think

While numerous studies have documented the modest (though reliable) link between household income and well-being, we examined the accuracy of laypeople's intuitions about this relationship by asking people from across the income spectrum to report their own happiness and to predict the happiness of others (Study 1) and themselves (Study 2) at different income levels. Data from two national surveys revealed that while laypeople's predictions were relatively accurate at higher levels of income, they greatly overestimated the impact of income on life satisfaction at lower income levels, expecting low household income to be coupled with very low life satisfaction. Thus, people may work hard to maintain or increase their income in part because they overestimate the hedonic costs of earning low levels of income.     

Does parental job insecurity matter? Money anxiety, money motives, and work motivation

A structural model focusing on the spillover effect of parental perceived job insecurity on money anxiety was developed and tested. The crossover effect of parents' money anxiety on their children's money anxiety, money motives, and motivation to work was also examined. Data were collected from a sample of undergraduates and their parents. Results of structural equation modeling analyses supported a spillover effect of paternal perceived job insecurity on paternal money anxiety. However, maternal perceived job insecurity was not significantly associated with maternal money anxiety. Results also supported a crossover effect of parental money anxiety on youths' money anxiety. Youths' money anxiety was significantly related to youths' negative money motives. In turn, youths' negative money motives were associated with their intrinsic motivation to work. Implications of the findings are discussed.     

“Put Your Money Where Your Love Is”: Parental Aid to Adult Children

Qualitative data are used to examine parents’ support to their adult children, and their motivations and feelings about it. The sample is 40 adult children and parents from four racial/ethnic groups: African-Americans, Asian-Americans, non-Latino Whites, and Latinos. Ideals of adult independence versus interdependence emerge as determinants of feelings about aiding adult children. The ambivalence concept provides the means to elucidate the tensions between these ideologies and children’s structurally shaped circumstances. Parental assistance to adult children was seen as acceptable for education, home ownership, and on behalf of young children, especially if the child was “working hard.” Parents still provided aid, however, even if these conditions were not met. In these situations, more intrafamilial tension characterized the aid transfer.     

Why Do People Save? Attitudes to,and Habits of Saving Money in Britain

This study investigates the relationship between demographic (age, sex, education, vote, and income), psychological beliefs (alienation, Protestant Work Ethic, and conservatism), and attitudes toward, as well as habits of, saving money, in Britain. Over 250 people from a variety of backgrounds completed a number of standardized self-report measures. A factor analysis of the attitude toward saving scale revealed five clearly interpretable factors, which were later computed into five subscale scores. Analysis of variance showed that age and education most differentiated subjects' attitudes toward saving. A canonical correlational analysis showed age, vote, income, and alienation were clearly related to various attitude toward saving factors. Analysis of the saving habits questionnaire showed that sex, age, and income were among the most important discriminators of saving habits. These results are discussed in terms of economic socialization and various social policy decisions are considered.     

Money, Work–Life Balance and Autonomy: Why do IT Professionals Choose Self-Employment?

This article deals with the reasons why IT professionals chose self-employment, as well as advantages and drawbacks of this form of employment. A growing number of workers in industrialized countries are now self-employed, most notably in the IT sector. In order to understand this trend better, we carried out a quantitative survey in collaboration with a professional association of independent IT workers in Quebec (Canada). We examined the different reasons why self-employment is attractive for IT professionals, the advantages they experience and the disadvantages they point out. While some authors postulate that self-employment is attractive because it facilitates work–life balance, our results show a strong predominance of the financial advantages and a weak impact of factors related to work–life balance. We also find high levels of job satisfaction, but the effects on work–life balance remain indirect.     

Time,Money, or Gender? Predictors of the Division of Household Labour Across Life Stages

Drawing on a life course perspective and data gathered during three developmental periods—the transition to adulthood (age 25; n = 168), young adulthood (age 32; n = 337), and midlife (age 43; n = 309), we explored patterns of division of household labour among Canadian men and women. We also investigated associations among housework responsibility and variables representing time availability (i.e., work hours), relative resource (i.e., earning a greater share of income in a relationship), and gender constructionist perspectives (i.e., marital status and raising children) at three life course stages. Results indicated women performed more housework than men at all ages. Regression analyses revealed housework responsibility was most reliably predicted by relative income and gender at age 25; work hours and raising children at age 32; and work hours, relative income, and gender at age 43. Gender moderated the influence of raising children at age 32. Overall, the relative resource perspective was supported during the transition to adulthood and in midlife, the time availability perspective was supported in young adulthood and in midlife, and certain elements of the gender constructionist perspective were supported at all life stages. The present study contributes to the division of household labour literature by disentangling the predictive power of time, resource, and gender perspectives on housework at distinct life stages.     

“Think Your Blackest Thoughts and Darken Them:” Judicial Mediation of Large Money Damage Disputes

This paper considers a much neglected, but distinctive and increasingly prevalent kind of mediation work: the mediation of large money damage cases by acting and former judges. The research finds that judicial mediation is a law-infused procedure different from forms of mediation in which the stuff of law and lawyers' work is only marginally relevant, if at all. The study details how judge-mediators draw on their knowledge of the law, technically and as a matter of professional practice, to make legally persuasive arguments that critically evaluate each side's case and what is likely to occur at future points, adversely altering the litigants' understanding of the risks and costs of failing to settle and thus facilitating dispute resolution. The study was developed and pursued as an ethnographic and ethnomethodological study of work.     

Too Tired to Focus on Others? Reminders of Money Promote Considerate Responses in the Face of Depletion

Purpose

Research has found that depletion of personal energy makes people self-centered. Thoughts of money also make people self-centered. We propose that reminding depleted individuals of money would in fact make them less self-centered and more other-oriented. We draw on evidence that money has potential to produce feelings of energy and that greater energy predicts more considerate behavior. We tested whether reminders (thoughts) of money reduce or counteract the selfish effects of depletion, promoting considerate responses.

Design/Methodology/Approach

Data were obtained through experiments conducted via the internet with working adult participants recruited in the USA and Hong Kong.

Findings

Depletion positively predicted self-centeredness, replicating previous research. As we hypothesized, thoughts of money (vs. money-neutral object) reduced or eliminated this effect. The mediating process was bolstered feelings of energy.

Implications

Organizational research has focused on showing how money in the form of compensation affects behavior. We provide a more nuanced understanding of the role of money in employee behavior. Reminders of money help employees feel energized in the face of depletion and in turn rein in selfish impulses. Our findings imply that when employees are drained, thoughts of money in general, even beyond the form of compensation, can provide strength to care about others besides the self.

     

Political Inequality and the ‘Super-Rich’: Their Money or (some of) Their Political Rights

The ability of very wealthy individuals (or, as I will call them, the ‘super-rich’) to turn their economic power into political power has been—and remains—an important cause of political inequality. In response, this paper advocates an original solution. Rather than solving the problem through implementing a comprehensive conception of political equality, or through enforcing complex rules about financial disclosure etc., I argue that we should impose a choice on the super-rich. The super-rich must choose between (i) forfeiting the things that make them super-rich, i.e., pay a 100 % tax on their wealth above a certain level, or, (ii) they must forfeit some of their political rights. These rights include entitlements to fund political parties; to stand for office; and to work or volunteer for political parties. The right to vote, though, is not limited. I defend my proposal against non-consequentialist and consequentialist objections. I also argue that it avoids two problems that many attempts to reduce political inequality face; these are the political egalitarian’s dilemma and the problem of political equality’s relative moral importance.