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- 03 Jan 2018
- News
This is how much money it takes for millionaires to be happy
- Article
Time Use and Happiness of Millionaires: Evidence from the Netherlands
By: Paul Smeets, A.V. Whillans, Rene Bekkers and Michael I. Norton
How do the very wealthy spend their time, and how does time use relate to well-being? In two studies in the Netherlands, the affluent (N=863, N=690) and the general population (N=1232, N=306) spent time in surprisingly similar ways, such as by spending the same amount... View Details
Keywords: Time And Wellbeing; Millionaires; Social Class; Wealth; Happiness; Demographics; Netherlands
Smeets, Paul, A.V. Whillans, Rene Bekkers, and Michael I. Norton. "Time Use and Happiness of Millionaires: Evidence from the Netherlands." Social Psychological & Personality Science 11, no. 3 (April 2020): 295–307.
- May 2018
- Article
The Amount and Source of Millionaires' Wealth (Moderately) Predicts Their Happiness
By: Grant Edward Donnelly, Tianyi Zheng, Emily Haisley and Michael I. Norton
Two samples of more than 4,000 millionaires reveal two primary findings. First, only at high levels of wealth—in excess of $8 million (Study 1) and $10 million (Study 2)—are wealthier millionaires happier than millionaires with lower levels of wealth, though these... View Details
Donnelly, Grant Edward, Tianyi Zheng, Emily Haisley, and Michael I. Norton. "The Amount and Source of Millionaires' Wealth (Moderately) Predicts Their Happiness." Personality and Social Psychology Bulletin 44, no. 5 (May 2018): 684–699.
- November 2022
- Case
Wendy Estrella: Scaling Multiple Businesses
By: Jeffrey J. Bussgang and Sarah Mehta
Entrepreneur Wendy Estrella, a self-made, Latina millionaire based in Lawrence, Massachusetts, is attempting to simultaneously scale her law practice as well as her property management and development company. What path should she take for each and can she do it all,... View Details
- 22 Apr 2015
- News
So you want to live near a millionaire?
- 05 Dec 2017
- First Look
First Look at New Research and Ideas, December 5, 2017
Social Psychology Bulletin The Amount and Source of Millionaires' Wealth (Moderately) Predicts Their Happiness By: Donnelly, Grant Edward, Tianyi Zheng, Emily Haisley, and Michael I. Norton Abstract—Two samples of more than 4,000 View Details
Keywords: Sean Silverthorne
- 10 Sep 2007
- Research & Ideas
High Note: Managing the Medici String Quartet
Why would a business school professor want to write a case study about a string quartet? The answer was easy for Robert Austin, a scholar with research expertise in the management of innovation. While attending an academic workshop near Copenhagen, he had the good... View Details
- Research Summary
Overview
Grant uses a combination of laboratory and field experiments to harness consumers' cognitive and affective resources to increase their well-being. Consumers make countless daily decisions in the pursuit of happiness -- whether and how to spend or save their money, what... View Details
- 01 Sep 2023
- News
Money Does Grow on (Family) Trees
For 17 years, Andre Kearns (MBA 1999) has been tracing his family tree. One by one, he has added branches, grounding himself in a long and sometimes complicated lineage. Through family stories, forgotten heirlooms, and vital records, Kearns has traveled back through... View Details
- 07 Jun 2023
- Blog Post
My One Case: MBA Class of 2023 Looks Back
that identifies potential hit movie scripts via crowdsourcing and data analysis—essentially giving unproduced scripts and undiscovered writers a second chance. The Black List is now a Hollywood institution, and some of my favorite films—like Slumdog View Details
- 13 Nov 2017
- Research & Ideas
Want to Be Happier? Spend Some Money on Avoiding Household Chores
to-do lists would lift our mental well-being, yet people don’t outsource unpleasant jobs all that much—even those who can well afford to do so. The researchers surveyed hundreds of millionaires in the Netherlands, and almost half reported... View Details
Keywords: by Dina Gerdeman
- 25 Jun 2007
- Research & Ideas
HBS Cases: Beauty Entrepreneur Madam Walker
by nearly 1,000 female sales agents across the country. How did Walker journey from the cotton fields to the status of an enterprising businesswoman, perhaps even the first self-made African American millionaire in the United States? Her... View Details
- 01 Jun 2008
- News
The Real Deal
the homeless that he anticipates the creation of a $20 million housing trust fund.“To progress together, we need to understand the needs of others,” Leppert declared. Described by the News as “a career businessman and self-made View Details
- 01 Apr 1998
- News
Going For The Summit
iVillage soon created sites such as About Work (www.aboutwork.com), Better Health (www.betterhealth.com), and Armchair Millionaire (www.armchairmillionaire.com), a financial planning site. Although Carpenter and her cofounders originally... View Details
Keywords: Caroline Chauncey
- 01 Mar 2013
- News
Sea of Dreams
author of Grand Ambition: An Extraordinary Yacht, the People Who Built It, and the Millionaire Who Can't Really Afford It (Simon & Schuster), published this month. Visit www.gbruceknecht.com. Photo courtesy of Bruce Knecht Meanwhile, the... View Details
- 01 Mar 2017
- News
In My Humble Opinion: Arunma Oteh (MBA 1990)
admire Madam C.J. Walker, an African American woman who became a millionaire by creating and marketing hair products that she couldn’t find for herself.” On corruption: “When you read the press on Nigeria you assume that everybody is... View Details
Keywords: Julia Hanna
- 01 Dec 1999
- News
Hawes Family Funds New Classroom Building
options; as a result, about 20 percent of his work force became millionaires when the company went public. "We shared the profits with everyone and gave those staying on an excellent opportunity," Hawes proudly noted. Hawes, who grew up... View Details
- 01 Mar 2018
- News
Money (Actually) Can Buy Happiness
cleaning or cooking or doing your taxes? We ran survey studies with people living in the United States, Canada, Denmark, and the Netherlands, including millionaires as well as people who are less wealthy. And we found consistent evidence... View Details
Keywords: April White