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Wealth redistribution promotes happiness
How much happiness could be gained if the world’s wealth were distributed more equally? Despite decades of research investigating the relationship between money and happiness, no experimental work has quantified this effect for people across the global economic spectrum. We estimated the total gain...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
National Academy of Sciences
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9674243/ https://www.ncbi.nlm.nih.gov/pubmed/36343268 http://dx.doi.org/10.1073/pnas.2211123119 |
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author | Dwyer, Ryan J. Dunn, Elizabeth W. |
author_facet | Dwyer, Ryan J. Dunn, Elizabeth W. |
author_sort | Dwyer, Ryan J. |
collection | PubMed |
description | How much happiness could be gained if the world’s wealth were distributed more equally? Despite decades of research investigating the relationship between money and happiness, no experimental work has quantified this effect for people across the global economic spectrum. We estimated the total gain in happiness generated when a pair of high-net-worth donors redistributed US$2 million of their wealth in $10,000 cash transfers to 200 people. Our preregistered analyses offer causal evidence that cash transfers substantially increase happiness among economically diverse individuals around the world. Recipients in lower-income countries exhibited happiness gains three times larger than those in higher-income countries. Still, the cash provided detectable benefits for people with household incomes up to $123,000. |
format | Online Article Text |
id | pubmed-9674243 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | National Academy of Sciences |
record_format | MEDLINE/PubMed |
spelling | pubmed-96742432022-11-19 Wealth redistribution promotes happiness Dwyer, Ryan J. Dunn, Elizabeth W. Proc Natl Acad Sci U S A Social Sciences How much happiness could be gained if the world’s wealth were distributed more equally? Despite decades of research investigating the relationship between money and happiness, no experimental work has quantified this effect for people across the global economic spectrum. We estimated the total gain in happiness generated when a pair of high-net-worth donors redistributed US$2 million of their wealth in $10,000 cash transfers to 200 people. Our preregistered analyses offer causal evidence that cash transfers substantially increase happiness among economically diverse individuals around the world. Recipients in lower-income countries exhibited happiness gains three times larger than those in higher-income countries. Still, the cash provided detectable benefits for people with household incomes up to $123,000. National Academy of Sciences 2022-11-07 2022-11-15 /pmc/articles/PMC9674243/ /pubmed/36343268 http://dx.doi.org/10.1073/pnas.2211123119 Text en Copyright © 2022 the Author(s). Published by PNAS. https://creativecommons.org/licenses/by-nc-nd/4.0/This open access article is distributed under Creative Commons Attribution-NonCommercial-NoDerivatives License 4.0 (CC BY-NC-ND) (https://creativecommons.org/licenses/by-nc-nd/4.0/) . |
spellingShingle | Social Sciences Dwyer, Ryan J. Dunn, Elizabeth W. Wealth redistribution promotes happiness |
title | Wealth redistribution promotes happiness |
title_full | Wealth redistribution promotes happiness |
title_fullStr | Wealth redistribution promotes happiness |
title_full_unstemmed | Wealth redistribution promotes happiness |
title_short | Wealth redistribution promotes happiness |
title_sort | wealth redistribution promotes happiness |
topic | Social Sciences |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9674243/ https://www.ncbi.nlm.nih.gov/pubmed/36343268 http://dx.doi.org/10.1073/pnas.2211123119 |
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