Here you can find two articles which you can synthesize in a summary report. Please send me you one-page double-spaced summary by Thursday, 24th of April.
The U-bend of life
Why, beyond middle age, people get happier as they get older
According to many recent social, medical and economic studies,
people should not dread ageing, as life is not a long slow decline but
rather a U-bend.
After a cheerful adulthood and a depressing mid-life crisis,
luckily things do not go downhill further. Although old age means
losing treasures such as vitality, mental sharpness and looks, what is surprising is that the elderly finally find what they spend their lives pursuing, namely happiness.
Unconvinced by the conventional direct relationship between money
and well-being, some economists have established a new branch of
economics based on the new concept of Gross National Happiness (GNH),
which policy makers have been increasingly taking into account.
Statisticians have been trying to find the answer to the
perennial question of what makes people happy. Surveys have been
conducted to measure two sides of this issue, i.e., global well-being
and hedonic or emotional well-being. Moreover, the following four main
factors have emerged from the collected data: gender, personality,
external circumstances and age.
The U-bend was noticed in the early 1990s, and if turned upside
down, it becomes an arc, peaking at the age of 46, when people are the
most depressed.
Researchers believe that the U-bend must be the result of
internal changes, not external circumstances. Older people have fewer
rows and come up with better solutions to conflicts; they are better at
controlling their emotions and at accepting misfortunes; they are also
less prone to anger, and come to accept their strengths and weaknesses.
The U-bend also shows us that old people are healthier, as
happier people are less likely to catch viruses and recover from
illnesses more quickly. Thus, the cheerfulness of the old helps
counteract their crumbliness and loss of productivity due to declining
cognitive skills—a point worth remembering as the world is trying to work out how to deal with an ageing workforce.
Money really can buy you happiness with some qualifications
It is widely believed that money cannot buy happiness, and that
growth-oriented free-market economies have got it wrong. Many recent
studies have shown only a loose correlation between money and happiness
when measured over time or across countries. The “Easterlin paradox”
suggests that well-being depends not on absolute, but on relative
income. For, people feel miserable not because they are poor, but
because they are at the bottom of the particular pile in which they find
themselves.
As data on the effect of income on well-being is now available
almost everywhere in the world, the huge variation in life satisfaction
across countries is becoming increasingly evident. Although developed
countries score up to eight and developing countries as low as three out
of ten, cultural factors are
also at work, such as the ones prevailing over the surprisingly gloomy
Portuguese in the Western World. Another example is the case of Hong
Kong and Denmark, which have similar incomes per person, but
respectively score 5.5 and eight on the ten-point scale. Along the same
lines, the saddest place in the world relative to its income per person
is Bulgaria.