Time value of money and happiness

Abstract: An important question in the well-being literature is how earning and spending money makes people happy. Some studies have shown that people are happier when earning money in constant payments, and spending money on significant others. However, some findings suggest that people with financ...

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Detalles Bibliográficos
Autores principales: López-Rousseau, Alejandro, Ketelaar, Timothy
Formato: Artículo
Lenguaje:Inglés
Publicado: Pontificia Universidad Católica Argentina. Facultad de Psicología y Piscopedagogía 2021
Materias:
DINERO
BIENESTAR
FELICIDAD
Acceso en línea:https://repositorio.uca.edu.ar/handle/123456789/11604
https://doi.org/10.46553/RPSI.17.33.2021.p22-35
Aporte de:
Repositorio Institucional de la Universidad Católica Argentina (UCA) de Universidad Católica Argentina
id I33-R139123456789-11604
record_format dspace
institution Universidad Católica Argentina
institution_str I-33
repository_str R-139
collection Repositorio Institucional de la Universidad Católica Argentina (UCA)
language Inglés
topic DINERO
BIENESTAR
FELICIDAD
spellingShingle DINERO
BIENESTAR
FELICIDAD
López-Rousseau, Alejandro
Ketelaar, Timothy
Time value of money and happiness
topic_facet DINERO
BIENESTAR
FELICIDAD
description Abstract: An important question in the well-being literature is how earning and spending money makes people happy. Some studies have shown that people are happier when earning money in constant payments, and spending money on significant others. However, some findings suggest that people with financial expertise may have different preferences based on the time value of money. The current study was designed to address this issue by asking both financial novices and financial experts if earning money at decreasing, constant or increasing rates would make them happier. By replicating and, more importantly, disambiguating previous findings, the results suggest that financial novices are happier when earning money in constant payments and spending money on debts, whereas financial experts are happier when earning money in decreasing payments and spending money on investments. These findings suggest that earning and spending money makes people happier in different ways depending on their financial expertise.
format Artículo
author López-Rousseau, Alejandro
Ketelaar, Timothy
author_facet López-Rousseau, Alejandro
Ketelaar, Timothy
author_sort López-Rousseau, Alejandro
title Time value of money and happiness
title_short Time value of money and happiness
title_full Time value of money and happiness
title_fullStr Time value of money and happiness
title_full_unstemmed Time value of money and happiness
title_sort time value of money and happiness
publisher Pontificia Universidad Católica Argentina. Facultad de Psicología y Piscopedagogía
publishDate 2021
url https://repositorio.uca.edu.ar/handle/123456789/11604
https://doi.org/10.46553/RPSI.17.33.2021.p22-35
work_keys_str_mv AT lopezrousseaualejandro timevalueofmoneyandhappiness
AT ketelaartimothy timevalueofmoneyandhappiness
AT lopezrousseaualejandro valortemporaldeldineroyfelicidad
AT ketelaartimothy valortemporaldeldineroyfelicidad
bdutipo_str Repositorios
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