Faithlife
Faithlife

Study by economist show value of earnings highly subjective

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“In a study by economists Sara Solnick and David Hemenway, people were asked whether they’d prefer to earn $50,000 in a situation where others were earning $25,000, or earn $100,000 when others earned $200,000.” That seems like a no brainer. In one scenario, the person is earning twice as much as in…
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