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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.

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  • 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
    DOI: 10.1111/j.1467-6435.2007.00381.x
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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. Fabio Sabatini, 2011. "Can a click buy a little happiness? The impact of business-to-consumer e-commerce on subjective well-being," EERI Research Paper Series EERI_RP_2011_12, Economics and Econometrics Research Institute (EERI), Brussels.
    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. Altman, Morris, 2016. "Is There A Kink In The Happiness Literature?," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 10(2-3), pages 1-10, October.
    5. Mikael Priks, 2010. "Does Frustration Lead to Violence? Evidence from the Swedish Hooligan Scene," Kyklos, Wiley Blackwell, vol. 63(3), pages 450-460, August.
    6. 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.

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