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More money is not satisfied

added between 1970 and 2000, real per capita income in Germany is about doubled. But the level of life satisfaction remained roughly unchanged, analyze Prof. Dr. Dr. Bruno S. Frey (Zurich) and Prof. Dr. Alois Stutzer (Basel). The scientists are mainly two reasons: give

• Additional material goods and services at the beginning of a multi-joy, but that is usually only temporarily so. Higher well-being because of material things wear out. Satisfaction fades with sustainable consumption. This process hedonistic adaptation can make the people more and more demanding.
• Secondly, there is social comparisons with others. Not the absolute level of income is decisive, but their position relative to other positions.

Higher income requirements reduced life satisfaction of people. In Switzerland and in the new federal states in Germany is the negative effect of increased levels of aspiration on the well-being in absolute terms similar size as the positive effect of an equally large income gains.

BS Frey & A. Stutzer: Happiness - the economic analysis . in Witte, Gollan (eds.) Social psychology and economics . Pabst, Lengerich / Berlin, 256 pages, ISBN 978-3-89967-613-6.