Psychic Income

Psychic Income

The value of an item over and above its cost. For example, one may spend $100,000 on one's first house, but this is offset psychologically by the pride of owning a home. Psychic income is intangible, but can add value.
References in periodicals archive ?
It makes no difference at all for a company to be known as a SE unless it is after recognition or what is called psychic income.
There used to be psychic income paid to the reporters at the best newspapers.
I think successful entrepreneurs want to give back to get that psychic income and create economic vibrancy in the region and the state," Kaplan said
Work contributes to essential relationships that yield crucial psychic income.
Rather, I posited that this $100 of benefit would take the form of pure subjective and psychic income.
The psychic income has been discussed in the preceding nine joys of directorship.
However if I'm allowed to count the psychic income associated with personal learning, working with brilliant professionals and helping shape my profession, then the net profits are huge.
For many employees the psychic income of being openly acknowledged and appreciated equals their material income.
To be sure, real income is important, but psychic income is even more important.
It is critical to remember, however, that through action people attempt to maximize psychic income.
NEW-YORK CITY--"There is a psychic income of having helped, that I've done my lit tie part and that I've given something back to the community," says Earle I.
Instead, similar to the way that spouses affect the labor supply calculus of married individuals, they would represent a source of psychic income or utility.