Lasting increases in income improve well-being, extra work makes people more dissatisfied

In a new study, mathematical economist Prof. Dr. Christian Bayer, from the Hausdorff Center for Mathematics at the University of Bonn, has demonstrated a connection between long-term income increases and personal satisfaction. Overtime also affects personal levels of happiness – but in a negative way. His findings will be presented in the latest issue of the “American Economic Journal”. —> Read More