Article2011

If money does not make you happy, consider time

Jennifer Lynn Aaker · Melanie Rudd · Cassie Mogilner

156 citations0/0 files storedJournal of Consumer Psychology

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Psychological Well-being and Life Satisfaction Decision-Making and Behavioral Economics Recreation, Leisure, Wilderness Management

Abstract

Abstract Although a substantial amount of research has examined the link between money and happiness, far less has examined the link between time and happiness. This paper argues, however, that time plays a critical role in understanding happiness, and it complements the money‐spending happiness principles in Dunn, Gilbert, and Wilson (2011) by offering five time‐spending happiness principles: 1) spend time with the right people; 2) spend time on the right activities; 3) enjoy the experience without spending the time; 4) expand your time; and 5) be aware that happiness changes over time.

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References

2001On Happiness and Human Potentials: A Review of Research on Hedonic and Eudaimonic Well-Being 1999Well-being : the foundations of hedonic psychology 1989Hopelessness depression: A theory-based subtype of depression.2004A Survey Method for Characterizing Daily Life Experience: The Day Reconstruction Method 2005Pursuing Happiness: The Architecture of Sustainable Change 1995Will raising the incomes of all increase the happiness of all?2003Temporal construal.2002What Can Economists Learn from Happiness Research?

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