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The Journal of Wealth Management

The Journal of Wealth Management

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Primary Article

The Next Generation and the Pursuit of Happiness

Part One

Barbara R. Hauser
The Journal of Wealth Management Fall 2005, 8 (2) 18-24; DOI: https://doi.org/10.3905/jwm.2005.571005
Barbara R. Hauser
An executive advisor at Harris Private Bank and special counsel at Cadwalader, Wickersham & Taft, LLP in New York, NY.
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Abstract

The author focuses on the interaction between wealth and happiness. She starts with the observation that there is a widespread belief that excessive affluence may spoil children, a condition exacerbated by inheritance taxes that do not favor substantial wealth transfers. She begins with an examination of the principal assumptions underpinning the concern that too much wealth spoils, pointing to three crucial questions: What is the effect of wealth on young people? What is the behavior of which we approve? What is a life that is well-lived? How does wealth affect the ability to live a good life? She then moves on to re-examining the meaning of work and to re-establishing its central role in the pursuit of happiness.

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The Journal of Wealth Management
Vol. 8, Issue 2
Fall 2005
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The Next Generation and the Pursuit of Happiness
Barbara R. Hauser
The Journal of Wealth Management Jul 2005, 8 (2) 18-24; DOI: 10.3905/jwm.2005.571005

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The Next Generation and the Pursuit of Happiness
Barbara R. Hauser
The Journal of Wealth Management Jul 2005, 8 (2) 18-24; DOI: 10.3905/jwm.2005.571005
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