Money can’t buy me love. – Paul McCartney
As a corollary to psychologist McCartney’s insight, money can’t buy lawyers (much) happiness.
That’s one of the key findings of Lawrence Krieger and Kennon Sheldon’s impressive study, What Makes Lawyers Happy?: A Data-Driven Prescription to Redefine Professional Success.
This post includes excerpts from this article, sans footnotes, but with page references and original emphases.
Krieger and Sheldon define happiness as “subjective well-being,” using established measures for this variable. Their research is based on “self-determination theory” (SDT), a concept similar to that in DR theory. Psychological research on SDT going back several decades shows that “all human beings have certain basic psychological needs—to feel competent/effective, autonomous/authentic, and related/connected with others.” (564).
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