Abstract
Context: Researchers have studied extensively whether people with higher income are happier. But still there is a controversy among the researchers regarding the relationship between income and happiness. Few researchers have demonstrated a correlation between higher income and greater happiness (Clark, 2008 and Chicago Tribune, 2010). Whereas other found that happiness remained stagnant despite large increases in average real personal income. (Easterlin, 1974) 90 female high school teachers from private schools in Delhi and NCR were taken as a sample of the study. All the participants were equally divided into 3 groups on the basis of their income i.e. 15,000-20,000, 20,100 – 25,000 and 25,100 – 30,000 per month. Context: Researchers have studied extensively whether people with higher income are happier. But still there is a controversy among the researchers regarding the relationship between income and happiness. Few researchers have demonstrated a correlation between higher income and greater happiness (Clark, 2008 and Chicago Tribune, 2010). Whereas other found that happiness remained stagnant despite large increases in average real personal income. (Easterlin, 1974) 90 female high school teachers from private schools in Delhi and NCR were taken as a sample of the study. All the participants were equally divided into 3 groups on the basis of their income i.e. 15,000-20,000, 20,100 – 25,000 and 25,100 – 30,000 per month.
Highlights
Context: Researchers have studied extensively whether people with higher income are happier
Case, that would be income disparity, a man works all day and makes less money than a man that does not work.(Investor dictionary, 2014).Most of the studies have found that income is the major predictor of happiness and satisfaction
SAMPLE: A total of 90 high school teachers were contacted for present study, they were further divided in three groups, (30 each) on the basis of income disparity, and three groups were divided on the basis of income ranging from 15000-20000, 20100-25000 and 25100-30000
Summary
Context: Researchers have studied extensively whether people with higher income are happier. An income disparity is most commonly an inequality in pay or salary for equal labor (Investor dictionary, 2014). This term is commonly used to describe the income differences between males and females for the same job or labour. Income disparity is used by those people concerned with the low level of the minimum wage, relative to the income of the wealthy In this context, it is not equal money for equal work as itis in the previous sense, but the sense that money should be a just reward, earned when deserved at the rate that is deserved.
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