Money, Autonomy & Happiness Across Societies

This project by Diana Boer and Ron Fischer has been published in the Journal of Personality and Social Psychology. You can read the full paper here.

ABSTRACT

What is more important: to provide citizens with more money or with more autonomy for their subjective well-being? In the current meta-analysis, the authors examined national levels of well-being on the basis of lack of psychological health, anxiety, and stress measures. Data are available for 63 countries, with a total sample of 420,599 individuals. Using a 3-level variance-known model, the authors found that individualism was a consistently better predictor than wealth, after controlling for measurement, sample, and temporal variations. Despite some emerging nonlinear trends and interactions between wealth and individualism, the overall pattern strongly suggests that greater individualism is consistently associated with more well-being.Wealth may influence well-being only via its effect on individualism. Implications of the findings for well-being research and applications are outlined.

This research has received extensive global media coverage.