Happiness Research

What should you spend your money on? How effective is therapy at increasing happiness? The latest research from the Journal of Health Economics, Policy and Law ( Boyce and Wood) has an article entitled Money or Mental Health: Alleviating Psychological Distress with Monetary Compensation versus Psychological Therapy. This research analyzed data sets where thousands of people gave reports on their well-being. They compared well-being ratings for subjects who got a 4 month course of psychotherapy to the ratings of those who had a sudden increase in income through winnings and pay raises. The increase...