Featured Research

from universities, journals, and other organizations

More can mean less when it comes to being happier, especially if you are neurotic

Date:
June 9, 2012
Source:
University of Warwick
Summary:
New research suggests getting more money may not make you happier, especially if you are neurotic.

New research from the University of Warwick suggests getting more money may not make you happier, especially if you are neurotic.

Related Articles


In a working paper, economist Dr Eugenio Proto, from the Centre for Competitive Advantage in the Global Economy (CAGE) at the University of Warwick, looked at how personality traits can affect the way we feel about our income in terms of levels of life satisfaction.

He found evidence suggesting that neurotic people can view a pay rise or an increase in income as a failure if it is not as much as they expected.

Neuroticism is a fundamental personality trait in psychology and refers to a tendency to experience negative emotional states. People with high levels of neuroticism have higher sensitivity to anger, hostility, or depression.

Dr Proto, who co-authored the paper with Aldo Rustichini from the University of Minnesota, said people who are on a high salary and have high levels of neuroticism are more likely to see a payrise as a failure.

He said: "Someone who has high levels of neuroticism will see an income increase as a measure of success. When they are on a lower income, a pay increase does satisfy them because they see that as an achievement. However, if they are already on a higher income they may not think the pay increase is as much as they were expecting. So they see this as a partial failure and it lowers their life satisfaction."

Dr Proto, who will be presenting the research at next month's ESRC Research Methods Festival, used data from the British Household Panel Survey and the German Socioeconomic Panel.

He added: "These results suggest that we see money more as a device to measure our successes or failures rather than as a means to achieve more comfort."


Story Source:

The above story is based on materials provided by University of Warwick. Note: Materials may be edited for content and length.


Journal Reference:

  1. Eugenio Protoa, Aldo Rustichinib. Life Satisfaction, Household Income and Personality Traits. CAGE working paper, n.86, presented

Cite This Page:

University of Warwick. "More can mean less when it comes to being happier, especially if you are neurotic." ScienceDaily. ScienceDaily, 9 June 2012. <www.sciencedaily.com/releases/2012/06/120609152434.htm>.
University of Warwick. (2012, June 9). More can mean less when it comes to being happier, especially if you are neurotic. ScienceDaily. Retrieved January 30, 2015 from www.sciencedaily.com/releases/2012/06/120609152434.htm
University of Warwick. "More can mean less when it comes to being happier, especially if you are neurotic." ScienceDaily. www.sciencedaily.com/releases/2012/06/120609152434.htm (accessed January 30, 2015).

Share This


More From ScienceDaily



More Mind & Brain News

Friday, January 30, 2015

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Binge-Watching TV Linked To Loneliness

Binge-Watching TV Linked To Loneliness

Newsy (Jan. 29, 2015) Researchers at University of Texas at Austin found a link between binge-watching TV shows and feelings of loneliness and depression. Video provided by Newsy
Powered by NewsLook.com
Signs You Might Be The Passive Aggressive Friend

Signs You Might Be The Passive Aggressive Friend

BuzzFeed (Jan. 28, 2015) "No, I&apos;m not mad. Why, are you mad?" Video provided by BuzzFeed
Powered by NewsLook.com
City Divided: A Look at Model Schools in the TDSB

City Divided: A Look at Model Schools in the TDSB

The Toronto Star (Jan. 27, 2015) Model schools are rethinking how they engage with the community to help enhance the lives of the students and their parents. Video provided by The Toronto Star
Powered by NewsLook.com
Man Saves Pennies For 65 Years

Man Saves Pennies For 65 Years

Rooftop Comedy (Jan. 26, 2015) A man in Texas saved every penny he found for 65 years, and this week he finally cashed them in. Bank tellers at Prosperity Bank in Slaton, Texas were shocked when Ira Keys arrived at their bank with over 500 pounds of loose pennies stored in coffee cans. After more than an hour of sorting and counting, it turned out the 81 year-old was in possession of 81,600 pennies, or $816. And he&apos;s got more at home! Video provided by Rooftop Comedy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Health & Medicine

Mind & Brain

Living & Well

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins