Behavioral Grooves Podcast

[GROOVING SESSION] Does Money Really Make You Happy? The Research with Johannes Haushofer

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Synopsis

Kurt and Tim discuss the links between poverty and mental health, how higher income is linked to better well-being, and the idea of a Universal Basic Income. This is a free-flowing discussion delving into the insights from their most recent interview with Johannes Haushofer (episode #244), Assistant Professor of Economics at Stockholm University. While you are welcome to listen to this episode as a stand-alone, we recommend you download our interview with Johannes first before joining us here.  Topics You Will Learn About: Higher income being related to better well-being. The effects of poverty on cognitive function, creativity, stress, health and long-term outcome decisions. Universal Basic Income; the behavior changes it could induce. The replication crisis of research studies in psychology. The value of Johannes studying poverty outside of WEIRD countries. “So there was a pretty strong relationship between income and happiness, both within and across countries. Rich people are happier than poor people wit