"The burgeoning field of happiness studies is unearthing all sorts of interesting findings, many of them summarized in these two articles by University of British Columbia economist & "Professor of Happiness" John Helliwell. Rich countries are not happier than poor countries; people tend to revert to the mean after a happy event; money has only a modest effect on happiness; and, hey, good news! you get happier as you get older.
Some quotes:
...after reaching a low point among the 35-44 year-old group, subjective well-being thereafter rises systematically and significantly, with those 55 to 64 as happy as those aged 18 to 24, and those aged 65 and up much happier still. The size of the changes is large...
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