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Does Money Buy Happiness?

Does Money Buy Happiness?. By Ted Goertzel. My Hypothesis. People with more money will be healthier But this relationship is spurious Marriage is the more important cause of happiness Married people are have higher incomes and are healthier when compared to others of the same age. DATA.

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Does Money Buy Happiness?

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  1. Does Money Buy Happiness? By Ted Goertzel

  2. My Hypothesis • People with more money will be healthier • But this relationship is spurious • Marriage is the more important cause of happiness • Married people are have higher incomes and are healthier when compared to others of the same age

  3. DATA • My data came from the 1988 General Social Survey • The Sample Size was 2832

  4. Variables • Marital Status: married or not • Age in years • Family Income in dollars • Health: fair/poor, good or excellent • Happy: not very, pretty happy or very happy

  5. Bivariate Analysis • Bivariate crosstabulations showed that all of my independent variables were • [Note: if I were doing this as a PowerPoint presentation I would have to type these tables into PowerPoint to get them to look right. However, for a Poster, you can just print the Microcase tables]

  6. Multivariate Analysis • The path analysis shows the multivariate relationship between the variables • Health and being married are much stronger determinants of happiness than income • Married people have a higher family income • Health and income decline with age

  7. Path Diagram • Note: for a PowerPoint presentation, I would have to get the diagram into PowerPoint from Word. I don’t know of any good way to do this other than to scan it. If the path diagram had been created entirely with the Draw tools in Word, it would copy. • For a poster, you can just print the diagram with word

  8. Conclusions • To have a happy life • Get married • and stay young

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