This post was originally published on this site
https://images.mktw.net/im-14979827Maybe money does buy happiness, after all — especially if you can afford more of it than your pals.
That’s according to the findings of a recent working paper distributed by the National Bureau of Economic Research. The paper, titled “Keeping up with the Jansens: Causal Peer Effects on Household Spending, Beliefs and Happiness,” used a survey of Dutch households to determine whether believing you’re in better financial standing than your peers can impact your beliefs and behavior.
The…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In