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Income and Quality of Life: Does the Love of Money Make a Difference?

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  • T. Tang

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Abstract

This paper examines a model of income and quality of life that controls the love of money, job satisfaction, gender, and marital status and treats employment status (full-time versus part-time), income level, and gender as moderators. For the whole sample, income was not significantly related to quality of life when this path was examined alone. When all variables were controlled, income was negatively related to quality of life. When (1) the love of money was negatively correlated to job satisfaction and (2) job satisfaction was positively related to both income and quality of life, income was negatively related to quality of life for full-time, high-income, and male employees. When these two conditions failed to exist, income was not related to quality of life for part-time, median- or low-income, and female employees. This model provides new insights regarding the impact of the love of money and job satisfaction on the income–quality of life relationship. Copyright Springer Science+Business Media, Inc. 2007

Suggested Citation

  • T. Tang, 2007. "Income and Quality of Life: Does the Love of Money Make a Difference?," Journal of Business Ethics, Springer, vol. 72(4), pages 375-393, June.
  • Handle: RePEc:kap:jbuset:v:72:y:2007:i:4:p:375-393
    DOI: 10.1007/s10551-006-9176-4
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    References listed on IDEAS

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    6. Yuh-Jia Chen & Thomas Tang, 2006. "Attitude Toward and Propensity to Engage in Unethical Behavior: Measurement Invariance across Major among University Students," Journal of Business Ethics, Springer, vol. 69(1), pages 77-93, November.
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    Citations

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    Cited by:

    1. David Finch & David Deephouse & Paul Varella, 2015. "Examining an Individual’s Legitimacy Judgment Using the Value–Attitude System: The Role of Environmental and Economic Values and Source Credibility," Journal of Business Ethics, Springer, vol. 127(2), pages 265-281, March.
    2. Gasiorowska, Agata, 2013. "Skrócona wersja Skali Postaw Wobec Pieniędzy SPP-25. Dobór pozycji i walidacja narzędzia
      [Short version of Money Attitudes Questionnaire. Items selection and scale validation]
      ," MPRA Paper 48169, University Library of Munich, Germany, revised Apr 2013.
    3. Gasiorowska, Agata, 2011. "Czy dla każdego większa ilość pieniędzy oznacza lepszą sytuację finansową? Postawy wobec pieniędzy a spostrzeganie własnego dochodu
      [Is more money always equal to higher financial comfort? Money at
      ," MPRA Paper 44433, University Library of Munich, Germany.
    4. Elisaveta Sardžoska & Thomas Tang, 2012. "Work-Related Behavioral Intentions in Macedonia: Coping Strategies, Work Environment, Love of Money, Job Satisfaction, and Demographic Variables," Journal of Business Ethics, Springer, vol. 108(3), pages 373-391, July.
    5. Soňa Lemrová & Eva Reiterová & Renáta Fatěnová & Karel Lemr & Thomas Tang, 2014. "Money is Power: Monetary Intelligence—Love of Money and Temptation of Materialism Among Czech University Students," Journal of Business Ethics, Springer, vol. 125(2), pages 329-348, December.
    6. Elisaveta Sardžoska & Thomas Tang, 2015. "Monetary Intelligence: Money Attitudes—Unethical Intentions, Intrinsic and Extrinsic Job Satisfaction, and Coping Strategies Across Public and Private Sectors in Macedonia," Journal of Business Ethics, Springer, vol. 130(1), pages 93-115, August.
    7. Thomas Tang & Yuh-Jia Chen, 2008. "Intelligence Vs. Wisdom: The Love of Money, Machiavellianism, and Unethical Behavior across College Major and Gender," Journal of Business Ethics, Springer, vol. 82(1), pages 1-26, September.
    8. repec:kap:jbuset:v:148:y:2018:i:4:d:10.1007_s10551-015-2980-y is not listed on IDEAS
    9. Ayan Jha & Sanjoy Sadhukhan & Saravanan Velusamy & Gargi Banerjee & Arpita Banerjee & Amitava Saha & Sumit Talukdar, 2012. "Exploring the quality of life (QOL) in the Indian software industry: a public health viewpoint," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 57(2), pages 371-381, April.
    10. Mehmet Ferhat Özbek & Mohammad Asif Yoldash & Thomas Li-Ping Tang, 2016. "Theory of Justice, OCB, and Individualism: Kyrgyz Citizens," Journal of Business Ethics, Springer, vol. 137(2), pages 365-382, August.
    11. Yuh-Jia Chen & Thomas Tang, 2013. "The Bright and Dark Sides of Religiosity Among University Students: Do Gender, College Major, and Income Matter?," Journal of Business Ethics, Springer, vol. 115(3), pages 531-553, July.
    12. Elisaveta Sardžoska & Thomas Tang, 2009. "Testing a Model of Behavioral Intentions in the Republic of Macedonia: Differences Between the Private and the Public Sectors," Journal of Business Ethics, Springer, vol. 87(4), pages 495-517, July.
    13. Thomas Tang & Toto Sutarso & Grace Davis & Dariusz Dolinski & Abdul Ibrahim & Sharon Wagner, 2008. "To Help or Not to Help? The Good Samaritan Effect and the Love of Money on Helping Behavior," Journal of Business Ethics, Springer, vol. 82(4), pages 865-887, November.
    14. Gąsiorowska, Agata, 2008. "The Relationship of Income And Money Attitudes To Subjective Assessment of Financial Situation," MPRA Paper 18746, University Library of Munich, Germany.
    15. Jingqiu Chen & Thomas Tang & Ningyu Tang, 2014. "Temptation, Monetary Intelligence (Love of Money), and Environmental Context on Unethical Intentions and Cheating," Journal of Business Ethics, Springer, vol. 123(2), pages 197-219, August.
    16. Thomas Tang & Toto Sutarso, 2013. "Falling or Not Falling into Temptation? Multiple Faces of Temptation, Monetary Intelligence, and Unethical Intentions Across Gender," Journal of Business Ethics, Springer, vol. 116(3), pages 529-552, September.
    17. Bente Corneliu Cristian & Bente Florina Maria, 2014. "Employee Satisfaction Survey on the Life Insurance Industry," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(4), pages 145-154, August.
    18. Thomas Tang & Hsi Liu, 2012. "Love of Money and Unethical Behavior Intention: Does an Authentic Supervisor’s Personal Integrity and Character (ASPIRE) Make a Difference?," Journal of Business Ethics, Springer, vol. 107(3), pages 295-312, May.
    19. Gasiorowska, Agata, 2008. "Różnice indywidualne jako determinanty postaw wobec pieniędzy
      [Individual differences as determinants of money attitudes]
      ," MPRA Paper 42684, University Library of Munich, Germany.
    20. Gasiorowska, Agata, 2013. "Skala Postaw Wobec Pieniędzy SPP: Konstrukcja i walidacja narzędzia pomiarowego
      [Money Attitudes Questionnaire MAQ: Development and validation of measurement scale]
      ," MPRA Paper 46515, University Library of Munich, Germany.

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