2012Research Online (University of Wollongong)Open access

Income and happiness: why isn't research acted upon?

Christopher J. Barker, Brian Martin

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Abstract

According to extensive research, greater income - above a basic minimum - has a relatively small impact on happiness. This finding has radical implications for individuals, groups and societies, yet is seldom considered in decision-making. We explore the reasons why the social and political implications of this research are not acted upon. We outline five arenas with potential obstacles to personal and institutional change responding to happiness-income research: lack of information; denigration of alternatives; contrary arguments; lack of authoritative endorsement; and structural conditions. Understanding the obstacles provides some guidance for efforts towards alternatives to the dominant economic model.

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According to extensive research, greater income - above a basic minimum - has a relatively small impact on happiness. This finding has radical implications for individuals, groups and societies, yet is seldom considered in decision-making. We explore the reasons why the social and political implications of this research are not acted upon. We outline five arenas with potential obstacles to personal and institutional change responding to happiness-income research: lack of information; denigration of alternatives; contrary arguments; lack of authoritative endorsement; and structural conditions. Understanding the obstacles provides some guidance for efforts towards alternatives to the dominant economic model.

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Available abstract

According to extensive research, greater income - above a basic minimum - has a relatively small impact on happiness. This finding has radical implications for individuals, groups and societies, yet is seldom considered in decision-making. We explore the reasons why the social and political implications of this research are not acted upon. We outline five arenas with potential obstacles to personal and institutional change responding to happiness-income research: lack of information; denigration of alternatives; contrary arguments; lack of authoritative endorsement; and structural conditions. Understanding the obstacles provides some guidance for efforts towards alternatives to the dominant economic model.

Key concepts: Happiness, Per capita income, Life satisfaction, Politics, Economics, Pace, Demographic economics, Social psychology

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