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Income Evaluation and Happiness in the Case of an Income Decline

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  • Gerrit Antonides

Abstract

Income evaluation and happiness in a number of life domains of people who had experienced an income decline were studied. 800 Participants in a survey indicated whether they had sought information and had taken precautionary measures to mitigate the effects of the lower income. By using Categorical Principal Components Analysis on this data, two scales capturing their reported behavior were constructed. The scales significantly explained people's income evaluation and happiness, in addition to their household income, family composition, and reasons for the income drop. Conclusions for budget advice and education in household financial management were drawn. Copyright 2007 Blackwell Publishing Ltd..

Suggested Citation

  • Gerrit Antonides, 2007. "Income Evaluation and Happiness in the Case of an Income Decline," Kyklos, Wiley Blackwell, vol. 60(4), pages 467-484, November.
  • Handle: RePEc:bla:kyklos:v:60:y:2007:i:4:p:467-484
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    References listed on IDEAS

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    1. Edward L. Glaeser, 2003. "The Governance of Not-for-Profit Organizations," NBER Books, National Bureau of Economic Research, Inc, number glae03-1, January.
    2. Edward L. Glaeser, 2003. "Introduction to "The Governance of Not-for-Profit Organizations"," NBER Chapters,in: The Governance of Not-for-Profit Organizations, pages 1-44 National Bureau of Economic Research, Inc.
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    Cited by:

    1. Luiz de Mello & Erwin R. Tiongson, 2009. "What Is the Value of (My and My Family's) Good Health?," Kyklos, Wiley Blackwell, vol. 62(4), pages 594-610, November.
    2. Sabatini Fabio, 2011. "Can a click buy a little happiness? The impact of business-to-consumer e-commerce on subjective well-being," wp.comunite 0076, Department of Communication, University of Teramo.
    3. Helmut Rainer & Ian Smith, 2012. "Education, Communication and Wellbeing: An Application to Sexual Satisfaction," Kyklos, Wiley Blackwell, vol. 65(4), pages 581-598, November.
    4. Mikael Priks, 2010. "Does Frustration Lead to Violence? Evidence from the Swedish Hooligan Scene," Kyklos, Wiley Blackwell, vol. 63(3), pages 450-460, August.

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