Education is an important determinant of income — one of the most important — but it is less important than most people think. If everyone had the same education, the inequality of income would be reduced by less than 10 percent. When you focus on education you neglect the myriad of other factors that determine income. The differences of income among people who have the same education are huge. — Daniel Kahneman
We grow up believing that what counts most in our lives is that which will occur in the future. Parents teach children that if they learn good habits now, they will be better off as adults. Teachers assure pupils that the boring classes will benefit them later, when the students are going to be looking for jobs. The company vice president tells junior employees to have patience and work hard, because one of these days they will be promoted to the executive ranks. At the end of the long struggle for advancement, the golden years of retirement beckon. “We are always getting to live,” as Ralph Waldo Emerson used to say, “but never living.” Or as poor Frances learned in the children's story, it is always bread and jam tomorrow, never bread and jam today. — Mihály Csíkszentmihályi, FLOW: The Psychology of Optimal Experience
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