In a 2004 paper,Oswald and I estimated the dollar values of events like unemployment and divorce.They are large.For the typical individual,a doubling of salary makes a lot less difference than life events like marriage or unemployment.A lasting marriage(compared to widowhood as a “natural” experiment),for example,is estimated to be worth $100,000 a year.Further calculation suggests that to “compensate” men exactly for unemployment would take a rise in income of $60,000 per annum,and to “compensate” for being black would take $30,000 extra per annum.Oswald and Powdthavee find that using GHQ mental distress as the measure of the order of ?00.000($200,000).These are all large sums,and in a sense reflect the low(happiness) value of extra income.Money,it seems,does not buy more sexual partners or more sex.