Maybe money does make you happier after all. According to the New York Times, two young economists recently presented a study that challenges a long-held contention that relative wealth is more predictive of happiness than alsolute wealth.

In the paper, they point out that in countries with higher per capita GDP, people tend to be happier. And they don’t stop there. They even think that within a given country, income level actually does correlate with happiness, and that relative income has a “minimal role.”

I don’t know. Relative wealth still seems pretty important to me. Every time I go to LA and see everyone driving around in Ferraris, I feel miserable.