Financial Situation and Its Consequences on the Quality of Life in the EU Countries
There is no agreement in social sciences on the relationship between the objective and subjective side of the quality of life. The survey of Eurobarometer 72.1 conducted in 2009 provided data on different subjective and objective indicators of financial situation. Correlation analyses revealed, that linkages between them were not strong. A great amount of study examined the connections between financial situation and overall feeling of happiness. This study found that the context of the questions influences the magnitude of the effects of material conditions on subjective well-being. The satisfaction with financial situation explained more than twice of the variance of happiness in the Euraboramoter sample—whose main topic was inequalities- than in the fifth wave of the World Values Surveys sample- whose questions were more diverse. Multiple regression analyses indicated that there are differences between countries in the magnitude of the effects of material conditions on subjective well-being. This effect is smaller in the more postmaterialist countries. Copyright Springer Science+Business Media B.V. 2013
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 113 (2013)
Issue (Month): 1 (August)
|Contact details of provider:|| Web page: http://www.springer.com/economics/journal/11135|
|Order Information:||Web: http://link.springer.de/orders.htm|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Maurizio Pugno, 2005. "The happiness paradox: a formal explanation from psycho-economics," Department of Economics Working Papers 0501, Department of Economics, University of Trento, Italia.
- Ed Diener & Jeff Horwitz & Robert Emmons, 1985. "Happiness of the very wealthy," Social Indicators Research, Springer, vol. 16(3), pages 263-274, April.
- Robert J. MacCulloch & Rafael Di Tella & Andrew J. Oswald, 2001.
"Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness,"
American Economic Review,
American Economic Association, vol. 91(1), pages 335-341, March.
- DiTella, Rafael & MacCulloch, Robert & Oswald, Andrew J., 2001. "Preferences over inflation and unemployment: Evidence from surveys of happiness," ZEI Working Papers B 03-2001, University of Bonn, ZEI - Center for European Integration Studies.
- Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-59, May.
- Ed Diener & Ed Sandvik & Larry Seidlitz & Marissa Diener, 1993. "The relationship between income and subjective well-being: Relative or absolute?," Social Indicators Research, Springer, vol. 28(3), pages 195-223, March.
- Buhmann, Brigitte, et al, 1988. "Equivalence Scales, Well-Being, Inequality, and Poverty: Sensitivity Estimates across Ten Countries Using the Luxembourg Income Study (LIS) Database," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 34(2), pages 115-42, June.
- Ruut Veenhoven, 1991. "Is happiness relative?," Social Indicators Research, Springer, vol. 24(1), pages 1-34, February.
- Sen, Amartya, 1979. " Issues in the Measurement of Poverty," Scandinavian Journal of Economics, Wiley Blackwell, vol. 81(2), pages 285-307.
When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:113:y:2013:i:1:p:17-35. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.