Tying the knot makes men feel happy to the worth of 18,000 pounds while women experience the joy worth only half the amount.
Paul Frijters, Queensland University of Technology, has estimated the value of happiness in terms of cash for the major events in life like marriage, divorce and illness. Each of the events shows different results for men and women.
While divorce leaves men feeling a loss of 61,500 pounds, for women it was just a loss of 5,000 pounds. The birth of a child created a low cash amount, about 18,000 pounds for a man and less than 5,000 pounds for a woman.
According to the findings, the death of a partner or a child creates the feeling of a loss of 73,000 pounds to a woman and more than 3,50,000 pounds for a man.
Losing a loved one has a much bigger effect than gaining a loved one. There is an asymmetry between life and death. This shouldn’t surprise us. Human beings seem to notice losses more than gains.