Tag Archive: economists

Two Proven Keys to Happiness

happyThere’s a rising call for developed countries to track happiness, rather than just income and wealth. Economists say that the goal of a “rational actor” is to maximize his or her “utility” – their fancy term for happiness – over the course of his or her life. Perhaps governments are trying to catch up with the economists!

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Leicester University in England has tracked happiness for the past 30 years. Consistently, Denmark – not Disneyland – has topped their list as the happiest place on earth.

We wondered why … why are the people in Denmark so darn happy?

Is it the weather?

Average temperatures in Copenhagen are about 68 degrees in the summer and around zero in the winter. We don’t know about you, but that’s not our idea of great weather!

Is it the taxes?

Like her sister Scandinavian countries, Denmark has some of the highest taxes in the world. Now, granted those taxes are matched with some of the highest benefits for any citizenry.

Is it their lifestyle or their habits?

Danes are some the heaviest drinkers and smokers in the world?

Is it their diet?

One of the staples of the Danish diet is herring – this is a country that eats a lot of herring!

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marylynnSo it can’t be the diet, because … maybe it’s just my personal taste, but ick!

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georgeNow there a lot of theories about what makes the Danes so happy. One of my theories is that they drink so much, they don’t remember whether they’re happy or not!

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Seriously, theories are fine, but we thought we should look at what the research shows is driving this happiness.

Professor Kaare Christensen at the University of Southern Denmark found that Danes have low expectations. Because of this culture of expecting less, the people are happy when good things happen.

This made us think of something Tony Robbins said – if you’re not happy, you have a choice. You can either change your conditions or your expectations. But what if you don’t want to change your expectations?

Tal Ben-Shahar, who teaches the most popular class at Harvard University, found that the single most significant predictor of happiness is close relationships with friends and family. We found it interesting that 92 percent of Danes belong to some sort of social club.

Maybe that’s why social media has become so bigg! What do you think?

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Sources

University of Leicester Produces the first ever World Map of Happiness

Why Danes are smug: comparative study of life satisfaction in the European Union

Denmark: The Happiest Place on Earth

Denmark ‘happiest place on earth’

The REAL Happiest Place on Earth

And The Happiest Place On Earth Is…

(Image by nookiez)

Are Good Looks an Advantage or a Disadvantage at Work?

A lot of attractive people complain that people assume things about them without getting to know them. It’s assumed that they’re unintelligent, superficial, and even arrogant.

You’ve been given the gift of physical attractiveness, which has to mean you’re lacking in other areas. In the social world, you’re just the pretty boy or girl.

But does that perception carry over into the professional world? Is there a bias against people who are good-looking?

 
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Green Without Envy
Economists Markus Mobius of Harvard University and Tanya Rosenblat of Wesleyan University did a study to see how looks affected the hiring process. They divided participants into five groups:

  • Two of the groups never saw a photo of the candidate or the candidates themselves
  • The other three either saw the candidate’s photograph or in-person.

The groups who saw the candidates were much more likely to hire the more attractive candidate, even though the less attractive candidate was just as qualified.

These employers predicted that the attractive candidates would be more productive, and would be rewarded for it with higher pay.

Even Greener Pastures
Daniel Hamermesh, an economist at the University of Texas, is one of the world’s foremost authorities on the economics of beauty. Dr. Hamermesh has focused on how beauty effects financial success in the workplace.

His research confirms the results of the study we just referenced – that beauty gains an advantage because the doors of opportunity open more frequently. So they make connections, learn skills, and grow professionally. Then they’re able to leverage that first opportunity into many more opportunities, which results in even higher pay.

He also offers little hope for the unattractive. His research has shown that spending money on things to enhance your looks is a waste. You’ll only get back about 15 cents in pay for ever dollar you spend.

Our bigg quote today is by an unknown author:

“We could learn a lot from crayons; some are sharp, some are pretty,
some are dull, while others bright, some have weird names,
but they all have learned to live together in the same box.”

The more colors you have, the more colorful your world can be.


Questions for you

Socially, we often hear pretty people complain that they’re discriminated against. But research seems to show that it works to their favor in the workplace.

From your experiences, do you think good looks are an advantage or a disadvantage?

Is there a difference between men and women? Are good looks more important in the workplace for men or for women?

How about age? Is this something you think affects young people more than older workers or vice versa?

What do you think of Dr. Hamermesh’s finding that it doesn’t pay to try to package yourself better? Do you think it makes a difference?

Share your thoughts by leaving a Comment.

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(Image by svilen001)

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