July 13th, 2004 - Open Knowledge
Jul. 13th, 2004
Sex May Be Happiness, but Wealth Isn't Sexiness
By ERIC DASH
Published: July 11, 2004
PROVERBIALLY, money buys neither love nor happiness, only sex. ("Success in the boardroom guarantees success in the bedroom.") But nobody ever tried to prove it.
Recently, however, two economists, David G. Blanchflower of Dartmouth College and Andrew J. Oswald of the University of Warwick in England, submitted a working paper called "Money, Sex and Happiness: An Empirical Study," to the National Bureau of Economic Research, one of the leading organizations in its field.
The authors say their study is first rigorous econometric analysis on the topic, and it that the received wisdom may require some revision. As the paper states: "Money does seem to seem to buy greater happiness. But it does not buy more sex."
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