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• Article | Personality and Social Psychology Bulletin | May 2018

  The Amount and Source of Millionaires' Wealth (Moderately) Predicts Their Happiness

  Grant Edward Donnelly, Tianyi Zheng, Emily Haisley and Michael I. Norton

  Two samples of more than 4,000 millionaires reveal two primary findings. First, only at high levels of wealth—in excess of $8 million (Study 1) and $10 million (Study 2)—are wealthier millionaires happier than millionaires with lower levels of wealth, though these differences are modest in magnitude. Second, controlling for total wealth, millionaires who have earned their wealth are moderately happier than those who inherited it. Taken together, these results suggest that, among millionaires, wealth may be likely to pay off in greater happiness only at very high levels of wealth, and when that wealth was earned rather than inherited.

  Keywords: happiness; income; money; wealth; well-being; Happiness; Wealth; Money; Attitudes; Situation or Environment;

  Citation:

  Donnelly, Grant Edward, Tianyi Zheng, Emily Haisley, and Michael I. Norton. "The Amount and Source of Millionaires' Wealth (Moderately) Predicts Their Happiness." Personality and Social Psychology Bulletin 44, no. 5 (May 2018): 684–699.  View Details

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• Article | Review of Economics and Statistics

  The Asymmetric Experience of Positive and Negative Economic Growth:: Global Evidence Using Subjective Well-being Data

  Jan-Emmanuel De Neve, George Ward, Femke De Keulenaer, Bert Van Landeghem, Georgios Kavetsos and Michael I. Norton

  Are individuals more sensitive to losses than gains in terms of economic growth? We find that measures of subjective well-being are more than twice as sensitive to negative as compared to positive economic growth. We use Gallup World Poll data from over 150 countries, BRFSS data on 2.3 million U.S. respondents, and Eurobarometer data that cover multiple business cycles over four decades. This research provides a new perspective on the welfare cost of business cycles, with implications for growth policy and the nature of the long-run relationship between GDP and subjective well-being.

  Keywords: Economic Growth; Business Cycles; Welfare or Wellbeing; Perception; Global Range;

  Citation:

  De Neve, Jan-Emmanuel, George Ward, Femke De Keulenaer, Bert Van Landeghem, Georgios Kavetsos, and Michael I. Norton. "The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-being Data." Review of Economics and Statistics 100, no. 2 (May 2018): 362–375.  View Details

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• Working Paper | 2018

  Amount and Diversity of Digital Emotional Expression Predicts Happiness

  Laura Vuillier, Alison Wood Brooks, June Gruber, Rui Sun, Michael I. Norton, Matthew James Samson, Emiliana Simon-Thomas, Paul Piff, Sarah Fan, Jordi Quoidbach, Charles Gorintin, Pete Fleming, Arturo Bejar and Dacher Keltner

  Emotional expression in digital form has become increasingly ubiquitous via the proliferation of computers and handheld devices. Using online surveys and live chat experiments across four studies and 1,325 individuals (Study 1A-B and 2A-B), and a large social media dataset spanning 4.9 billion individuals (Study 3), we examine whether digital emotion expression (emojis) predicts happiness at the individual and national levels. Our studies converge on three central findings. First, people use emojis in text-based communication to convey emotional experience. Second, the amount and diversity of emojis causally increases happiness during social interactions. Third, across 122 countries, higher total amount and greater diversity of emoji usage per capita and per user correlate with higher national happiness. Across levels of analysis, our results suggest that both the amount and diversity of digital emotion expression influences well-being.

  Keywords: Emotions; Communication Technology; Happiness; Forecasting and Prediction;

  Citation:

  Vuillier, Laura, Alison Wood Brooks, June Gruber, Rui Sun, Michael I. Norton, Matthew James Samson, Emiliana Simon-Thomas, Paul Piff, Sarah Fan, Jordi Quoidbach, Charles Gorintin, Pete Fleming, Arturo Bejar, and Dacher Keltner. "Amount and Diversity of Digital Emotional Expression Predicts Happiness." Working Paper, February 2018.  View Details

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