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How closely related are financial satisfaction and subjective well-being? Systematic review and meta-analysis

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  • Ngamaba, Kayonda Hubert
  • Armitage, Christopher
  • Panagioti, Maria
  • Hodkinson, Alexander

Abstract

Financial satisfaction is considered one of the determinants of Subjective well-being (SWB), yet the assumption that financial satisfaction is closely associated with SWB has not been tested across nations.

Suggested Citation

  • Ngamaba, Kayonda Hubert & Armitage, Christopher & Panagioti, Maria & Hodkinson, Alexander, 2020. "How closely related are financial satisfaction and subjective well-being? Systematic review and meta-analysis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 85(C).
    • Handle: RePEc:eee:soceco:v:85:y:2020:i:c:s2214804319300898
    DOI: 10.1016/j.socec.2020.101522
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    1. Vineetha Mathew & Santhosh Kumar P K & Sanjeev M A, 2024. "Financial Well-being and Its Psychological Determinants— An Emerging Country Perspective," FIIB Business Review, , vol. 13(1), pages 42-55, January.
    2. Martin Schlossarek & Jaromír Harmáček & Aneta Seidlová & Lenka Suchá, 2024. "Inequalities and Social Capital as Factors of Subjective Well-Being: Case Study from Western Province, Zambia," Journal of Happiness Studies, Springer, vol. 25(7), pages 1-24, October.
    3. Bucciol, Alessandro & Burro, Giovanni, 2022. "Is there a happiness premium for working in the public sector? Evidence from Italy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 97(C).
    4. Fuzhong Chen & Xin Du & Wenting Wang, 2023. "Can FinTech Applied to Payments Improve Consumer Financial Satisfaction? Evidence from the USA," Mathematics, MDPI, vol. 11(2), pages 1-17, January.
    5. Chinglen Laishram & Khaikholen Haokip, 2023. "Implications of Social Capital on Life satisfaction in a Stratified Society: Gendering the Bonding, Bridging, and Linking framework using representative samples of India," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(4), pages 3039-3063, August.
    6. Mahendru, Mandeep & Sharma, Gagan Deep & Pereira, Vijay & Gupta, Mansi & Mundi, Hardeep Singh, 2022. "Is it all about money honey? Analyzing and mapping financial well-being research and identifying future research agenda," Journal of Business Research, Elsevier, vol. 150(C), pages 417-436.
    7. Billinger, Stephan & Rosenbaum, Stephen Mark, 2023. "On the limits of hierarchy in public goods games: A survey and meta-analysis on the effects of design variables on cooperation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 107(C).
    8. Viren Swami & Stefan Stieger & Martin Voracek & Toivo Aavik & Hamed Abdollahpour Ranjbar & Sulaiman Olanrewaju Adebayo & Reza Afhami & Oli Ahmed & Annie Aimé & Marwan Akel & Hussam Al Halbusi & George, 2025. "Life satisfaction around the world: Measurement invariance of the Satisfaction With Life Scale (SWLS) across 65 nations, 40 languages, gender identities, and age groups," PLOS ONE, Public Library of Science, vol. 20(1), pages 1-34, January.
    9. Arjen Schepen & Martijn J. Burger, 2022. "Professional Financial Advice and Subjective Well-Being," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(5), pages 2967-3004, October.

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