Most people would rather take a high-paying job with longer work hours than a lower-paying job that would make them happier, a new study shows. 
 
 Credit: Dreamstime View full size image 
 
 Given the choice, most people would take a high-paying job with longer work hours over a good-paying job with reasonable demands on their time, a new study shows. 
 
 In fact, most of the study participants said they'd choose a high-paying job even if it only permitted them to get six hours of sleep a night and would bring them less happiness overall, the researchers said. 
 
 In the study, 2,699 participants were asked to consider a variety of scenarios: One scenario involved choosing between a job that paid $80,000 a year with reasonable work hours that would permit 7.5 hours a night of sleep, or a higher-paying $140,000-a-year job with long work hours and time for only six hours of sleep. Participants were also asked questions about which option they thought would make them happier. 
 
 Despite the probability that the less-demanding, lower-paying job would allow them more sleep, free time and make them happier overall, participants tended to choose the higher-paying job. 
 
 In another scenario, participants had to choose between two options: a salary of 20 percent less than their current salary that would mean a move to the city where your friends live; and a salary of 10 percent more than their current salary that would mean a move to a city where you don't know anyone. 
 
 "We found that people make trade-offs between happiness and other things," study researcher Alex Rees-Jones, an economics doctoral student at Cornell, said in a statement. "For example, they explicitly told us in the free response sections that they would be happier one way, but their family would be happier if they took higher-paying options." [Read: Happiest States Are Wealthy and Tolerant] 
 
 The findings suggest happiness may not be a person's main goal in life. "You might think of happiness as the ultimate goal that people pursue, but actually, people think of goals like health, family happiness, social status and sense of purpose as sometimes competing with happiness," Rees-Jones said. 
 
 When asked whether they would regret any cases where they had a discrepancy between their choice and well-being, 23 percent of participants said yes, with the vast majority saying no. In addition, only 7 percent of participants said they were making a mistake in their choices. 
 
 "Overall, this indicates that many are willing to pursue a course that sacrifices happiness in favor of other important goals," said Rees-Jones. "These respondents seem to indicate that maximizing happiness was not perceived to be in their own best interest." 
 
 The study will be published in a forthcoming issue of the journal American Economic Review. 
 
 You can follow LiveScience writer Remy Melina on Twitter @remymelina. Follow LiveScience for the latest in science news and discoveries on Twitter @livescience and on Facebook. ||||| 42 Pages Posted: 28 Jul 2011 Last revised: 22 Sep 2013 
 
 See all articles by Daniel J. Benjamin 
 
 USC, Center for Economic and Social Research (CESR); National Bureau of Economic Research (NBER) 
 
 Cornell University - S.C. Johnson Graduate School of Management; The Hebrew University of Jerusalem - Department of Economics and Center for Rationality; National Bureau of Economic Research (NBER) 
 
 University of Michigan at Ann Arbor - Department of Economics; University of Colorado Boulder; Center for Economic and Social Research, USC; National Bureau of Economic Research (NBER) 
 
 University of Pennsylvania - Operations & Information Management Department
– Money cannot buy happiness, but most people would choose it anyway, says a new study of more than 2,600 people published in the American Economic Review. For example, if the choice is between a job that pays $80,000 a year and lets you get seven and a half hours of sleep a night, and a job that pays $140,000 a year but allows for just six hours' sleep, most people pick the higher-paying job. Other questions asked about salary versus living close to friends, going home for Thanksgiving versus saving for a vacation, and similar choices. It's not just about greed, though. Often, people say that more money will mean more family happiness, even if their own happiness is diminished. Status, purpose, and health all also factored into decision-making, often beating out happiness. "We found that people make trade-offs between happiness and other things," says one of the paper's authors, according to LiveScience. “People treat happiness as a commodity and are willing to make tradeoffs.”