Money Buys Happiness : Planet Money An economist answers a timeless question.

Money Buys Happiness

Money Buys Happiness

  • Download
  • <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Does more money bring more happiness? Economists have been arguing over the question for decades (and everybody else has been arguing over it forever).

Economist Justin Wolfers of the Wharton School, has spent hours poring over happiness surveys from 155 countries across the globe, and he says the data is clear:

The relationship between satisfaction, these measures of well-being and measures of average income, which would be gross domestic product per capita, is incredibly robust.

In other words, more money means more happiness.

On today's Planet Money, Wolfers talks about his research and explains its implications for public policy.

Subscribe to the podcast. Zee Avi's "Bitter Heart." Find us: Twitter/ Facebook.

Events: Meet The Planet Money Staff

March 24 Adam Davidson and photographer S├ębastien Narcisse discuss capturing Haiti through words and the lens. More info.

April 15 Spend tax day with Adam Davidson and Alex Blumberg at Southern Connecticut State University. More info.