If Money Doesn't Make You Happy, Consider Time
Journal of Consumer Psychology, 2011
Stanford Graduate School of Business Research Series No. 2067
20 Pages
Posted: 13 Nov 2010
Last revised: 5 Apr 2012
Stanford University - Graduate School of Business
University of Houston - C.T. Bauer College of Business
University of California, Los Angeles (UCLA) - Anderson School of Management
Date Written: November 10, 2010
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 (2010) 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.
Keywords: brand management, customer relations/retention, market research, marketing implementation, marketing strategy
Suggested Citation:
Suggested Citation
Aaker, Jennifer and Rudd, Melanie and Mogilner, Cassie, If Money Doesn't Make You Happy, Consider Time (November 10, 2010). Journal of Consumer Psychology, 2011. Available at SSRN: https://ssrn.com/abstract=1706968 or http://dx.doi.org/10.2139/ssrn.1706968
