Marriage is worth only £18,000 to men !
Why do we fund researchers ??? Is it because we love stupidity ?
His findings are intereting. Do we value money a lot more than thought ?
According to new research:
Cost of happiness discovered by Australian economist
Marriage is worth £18,000 to men, but just £9,000 to women, according to an Australian economist who claims he has discovered a formula to determine the cost of happiness.
Paul Frijters, a professor at Queensland University of Technology, has calculated a formula he claims delivers the monetary equivalent of the value of various milestones in life.
The figures represent a lump sum a person would need to receive out of the blue in order to make him or her as happy as marriage would over a lifetime.
When it comes to divorce, a man would be so devastated it would feel as if he had lost £61,500. A woman would be far less traumatised, feeling as though she had only lost £5,000.
Prof Frijters, who was this year named the best economist aged under 40, has tracked major life events of 10,000 people since 2001.
He said: "These are real people to whom unexpected things happen.
"They were not selected because these things would happen and because of that, we can accurately compare their happiness before and after."
Prof Frijters' research allowed him to put cash values on the effects of happiness of major events such as marriage, divorce and illnesses.
He said: "Losing a loved one has a much bigger effect than gaining a loved one. There's a real asymmetry between life and death.
"This shouldn't surprise us. Human beings seem primed to notice losses more than gains."
The death of a partner or child caused a woman £73,000 loss, while to a man, a similar loss was worth more than £350,000, according to the calculations.
Prof Frijters said: "This isn't the value of the life that's lost, that would be much higher of course.
"This is just the effect on the happiness of one person flowing from a death."
Asked why his calculations show men much more affected by life's events than women, the professor could not give a reason, but said: "We know for instance that marriage improves the lives of men much more than women."
Professor Frijters concluded that money had a greater effect on happiness than previously thought.
TABLE
Marriage woman - £8, 726.25 man - £17, 675.68
Birth of child woman - £ 4, 866.77 man - £18, 236.39
Divorce woman - £4, 977.08 (loss) man - £61, 116.46 (loss)
Death of a loved one woman - £73, 204.86 (loss) man - £350, 830.36 (loss)
Illness woman - £28, 124.61(loss) man - £201, 264.68 (loss)
Moving house woman - £1, 453.80 (gain) man - £8, 947.11 (loss)
Source: Telegrpah
Vic...we only cry.y'all break down! :-D
king_qatar...yeah,men lose money and women almost lose their lives in pain :-S
Going to church no more makes you a Christian than standing in a garage makes you a car. ~ Garrison Keillor
even givving birth to a child is cheaper for a women !
man we lose so much money .
The very fact that we cry and show our emotions is what keeps us from bottling them up and cracking from the pressure. Lots of studies show that women are the emotionally stronger gender.
why women cries in tears...isn't she emotionally weak?
Yes, opposite attracts and same pole repels.
well-said,brit....my Ma always says that when God gave physical power to men,He blessed women with emotional power :-) guess that's what keeps the world going after all :-)
Going to church no more makes you a Christian than standing in a garage makes you a car. ~ Garrison Keillor
Jokes aside.
I think on the whole, women are emotionaly a lot stronger than men. Therefore they are able to deal better with a loss.
In addition, especially in old age, we men tend to become a lot more dependent on our partners and thus feel the loss more when they are taken from us.
indulge in marriages....'A BIG LOSER MARRIED MAN'.
Yes, money do count if spend in right directions to bring happiness in Life.......but could not guarantee 100% satisfaction......
Slow and steady journey to earn, enjoy and spend would bring more happiness in Life.
Too much money is bad, which bring more worries than real satisfaction/contentment.
O Brit now I get it. So looking at the above figures correctly it shows that the man losses more than a woman in a marriage.
But how come he losses more when his wife dies? I thought he would lose less than her? Please explain O wise one!
Death of a loved one woman - £73, 204.86 (loss) man - £350, 830.36 (loss)
-----------------
"HE WHO DARES WINS"
Derek Edward Trotter
...but life does not run with love only either,Victory.money is important.
Going to church no more makes you a Christian than standing in a garage makes you a car. ~ Garrison Keillor
Life and happiness ...
could not be measured/gained in terms/unit of money!
Brit they do get alimony to makeup the difference ;)
I think there's some confusion here :O)
He is referring to the Joy/saddness factors.
"When it comes to divorce, a man would be so devastated it would feel as if he had lost £61,500. A woman would be far less traumatised, feeling as though she had only lost £5,000."
I find the above strange, since it means that women handle divorce much better than men.
LOL snessy....guess that explains why my brand-new husband stays miles away from credit cards :-D
Going to church no more makes you a Christian than standing in a garage makes you a car. ~ Garrison Keillor
Its strange, my marriage cost about GBP15k and I still feel that loss to our wallet.
I don't think she was showing how much she loves her son, she was just showing off.
Divorce
woman - £4, 977.08 (loss)
man - £61, 116.46 (loss)
Then how come she gets all those millions, leaving him bankrupt?
-----------------
"HE WHO DARES WINS"
Derek Edward Trotter
.UKEngQatar.
i missed it, i was out of the country that time.
.
.
★
We're so naive, we believe everything, I took the saying "for everything else there's mastercard" quite literally.
*****If you haven't got anything nice to say, don't say anything at all*****
Thanks Mallrat for the clarification..:)
Just out of interest, did you attend the Wedding?
-----------------
"HE WHO DARES WINS"
Derek Edward Trotter
.UKEngQatar.
.i handle her account in the company i am in.
.
.she is a shiekha.
.
.
★
Snessy you are right, because we men are fool enough to give you ladies our Mastercards without any limits..:)
-----------------
"HE WHO DARES WINS"
Derek Edward Trotter
Mallrat..Hmmm your client? or do you mean your company's client? Please clarify, as a man with that kind of money can buy almost any thing..:) wink..:)
-----------------
"HE WHO DARES WINS"
Derek Edward Trotter
and there was me thinking marriage is priceless :-)
*****If you haven't got anything nice to say, don't say anything at all*****
.my client spend fifty-two M qatar riyals for the wedding of her only son.
.
it was held in an islet(especially made, i heard) infront of Ritz CArlton.
.
food came from London and PAris, of course including the chief and waiters/waitresses.
.
.
.
★
Sandeep...lol...I wouldnt compare as well...:(
FS we already know what women are worth. You ever heard a man comparing his wife to his shoes even as a joke??
Surely a candidate for an Ig-nobel Prize?
I just got something...the worth of a woman...
will post a new thread...long but worth reading
why women need appreciation otherwise change the shoes?
could not be measured in terms/unit of money!
Wrong notions, weird research survey and waste of time...
a deliberate attack on the institution of marriage
personally,i'd hate to lose my favorite pair of shoes....if i lose my husband,i can always get another one :-P LOL
Going to church no more makes you a Christian than standing in a garage makes you a car. ~ Garrison Keillor
Hmm I wonder what would effect women worse...the loss of their husband or their favourite pair of shoes?
I always thought that her being the cleaner, the cook, the dishwasher, the mother of the children, take care of the house and the houshold she was worth more than I. But I guess the story in the big world is different..:)
-----------------
"HE WHO DARES WINS"
Derek Edward Trotter
At last some has proved me right..
-----------------
"HE WHO DARES WINS"
Derek Edward Trotter
I find it strange that marriage is worth less to a woman ...