A happy child grows into wealthy adult?
- IPL spot-fixing case: Net widens, police watching 3 more players, other bookies
- IPL 2013: Imperious Brad Hodge powers Rajasthan Royals to qualifier
- Sonia Gandhi, PM Manmohan Singh slam BJP for disrupting Parliament, stalling bills
- IPL spot-fixing: 'Bookie' Vindoo was close to BCCI chief's son-in-law, say cops
- Jessica Lall case: Shayan Munshi to face perjury trial
Happiness is the best investment for your child's future, as a new study has found that happy youngsters grow up to be wealthy adults.
The first in-depth investigation of whether youthful happiness leads to greater wealth in later life shows that, even allowing for other influences, happy adolescents are likely to earn more as adults.
Researchers who analysed data from 15,000 adolescents and young adults in the US, found that those who report higher 'positive affect' – a technical measure of happiness – or higher 'life satisfaction' grow up to earn significantly higher levels of income later in life.
The study led by Dr Jan-Emmanuel De Neve from the University College London (UCL) and Professor Andrew Oswald from University of Warwick found that happy individuals' greater wealth is due, in part, to the fact that happy people are more likely to get a degree, find work, and get promoted quicker than their gloomier counterparts.
The study shows that greater happiness has a big financial impact, for instance, that a one-point increase in life satisfaction (on a scale of 5) at the age of 22 is associated with almost USD 2,000 higher earnings per annum at the age of 29. This is on top of other influences on incomes.
The researchers paid careful attention to instances of siblings in the data, demonstrating that even in children growing up in the same family, happier youngsters tend to go on to earn higher levels of income.
Their results are robust to the inclusion of other important factors such as education, physical health, genetic variation, IQ, self-esteem, and current happiness.
The researchers also studied how happiness may influence income. Mediation tests reveal a direct effect as well as indirect effects that carry the influence from happiness to income.
Significant mediating pathways include obtaining a degree and a job, higher degrees of optimism and extraversion, and less neuroticism.
- Fixing probe now reaches Bollywood, son of Dara Singh held
- BCCI cashes Pune Warriors guarantee, 'disgusted' Sahara walks out of IPL
- Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police
- Delhi firm with MoD as client is linked to Pak cyberattacks
- After Infosys, iGATE sacks Phaneesh Murthy for sexual misconduct
- 2 weeks after harassment, Haryana schoolgirls return, cops in tow