Tag Archives: relative wealth

The generosity of billionaires

Amazon CEO Jeff Bezos made headlines earlier this month with his donation of $690,000 to the Australian wildfire relief effort- a sum roughly estimated to equate to less than five minutes* of his earnings. * For someone on £40,000 this … Continue reading

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Relative Income and Personal Happiness

Sara Solnick and David Hemenway found that most people would prefer (pdf) an income of $50,000a year when everybody else get $25,000 than an income of $100,000 a year when everybody else has $200,000. If all of us become worse … Continue reading

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