04 Apr '12, 6am

Comparing salaries with your peers can make you happy - as long as you're below 45, says a study

LONDON - You would be forgiven for thinking that office gossip about senior colleagues' salaries and bonuses is a shortcut to seething envy. But for young workers, seeing others around them do well can actually make them happy by providing them with aspirations, according to a new report. Economists believe that workers under the age of 45 get high levels of satisfaction from seeing their peers earn more than them, because they think they have similar chances of success. But the effect has a time limit: for those over the age of 45, comparisons with high-fliers can lead to misery, because there is less time to "catch up". The study, entitled So Far So Good: Age, Sex, Happiness and Relative Income, was based on surveys carried out in Germany. It divided participants into peer groups using characteristics such as age, education, and location, and hypothesised that people may...

Full article: http://www.todayonline.com/World/EDC120404-0000103/Salary...

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