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Financial Satisfaction in Old Age: A Satisfaction Paradox or a Result of Accumulated Wealth?

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  • Thomas Hansen

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  • Britt Slagsvold

    ()

  • Torbjørn Moum

    ()

Abstract

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Suggested Citation

  • Thomas Hansen & Britt Slagsvold & Torbjørn Moum, 2008. "Financial Satisfaction in Old Age: A Satisfaction Paradox or a Result of Accumulated Wealth?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 89(2), pages 323-347, November.
  • Handle: RePEc:spr:soinre:v:89:y:2008:i:2:p:323-347 DOI: 10.1007/s11205-007-9234-z
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    References listed on IDEAS

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    1. Bruce Headey & Mark Wooden, 2004. "The Effects of Wealth and Income on Subjective Well-Being and Ill-Being," The Economic Record, The Economic Society of Australia, vol. 80(s1), pages 24-33, September.
    2. Wojciech Kopczuk & Joseph P. Lupton, 2007. "To Leave or Not to Leave: The Distribution of Bequest Motives," Review of Economic Studies, Oxford University Press, vol. 74(1), pages 207-235.
    3. Randolph Mullis, 1992. "Measures of economic well-being as predictors of psychological well-being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 26(2), pages 119-135, March.
    4. Headey, Bruce & Muffels, Ruud & Wooden, Mark, 2004. "Money Doesn’t Buy Happiness… Or Does It? A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption," IZA Discussion Papers 1218, Institute for the Study of Labor (IZA).
    5. Easterlin, Richard A., 2006. "Life cycle happiness and its sources: Intersections of psychology, economics, and demography," Journal of Economic Psychology, Elsevier, vol. 27(4), pages 463-482, August.
    6. Cynthia Fletcher & Frederick Lorenz, 1985. "Structural influences on the relationship between objective and subjective indicators of economic well-being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 16(3), pages 333-345, April.
    7. ED Diener & Carol Diener, 1995. "The wealth of nations revisited: Income and quality of life," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 36(3), pages 275-286, November.
    8. Alex Michalos, 1985. "Multiple discrepancies theory (MDT)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 16(4), pages 347-413, May.
    9. Crystal, Stephen & Shea, Dennis, 1990. "The Economic Well-Being of the Elderly," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 36(3), pages 227-247, September.
    10. Ed Diener & Robert Biswas-Diener, 2002. "Will Money Increase Subjective Well-Being?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 57(2), pages 119-169, February.
    11. Ada Ferrer-i-Carbonell & Paul Frijters, 2004. "How Important is Methodology for the estimates of the determinants of Happiness?," Economic Journal, Royal Economic Society, vol. 114(497), pages 641-659, July.
    12. Chiara Seghieri & Gustavo Desantis & Maria Tanturri, 2006. "The Richer, the Happier? An Empirical Investigation in Selected European Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 79(3), pages 455-476, December.
    13. Ruut Veenhoven, 1999. "Quality-of-Life in Individualistic Society," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 48(2), pages 159-188, October.
    14. Esperanza Vera-Toscano & Victoria Ateca-Amestoy & Rafael Serrano-Del-Rosal, 2006. "Building Financial Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 77(2), pages 211-243, June.
    15. Katherine A. Kiel & Jeffrey E. Zabel, 1999. "The Accuracy of Owner-Provided House Values: The 1978-1991 American Housing Survey," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 27(2), pages 263-298.
    16. Geraldine Olson & Brigitte Schober, 1993. "The satisfied poor," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 28(2), pages 173-193, February.
    17. Quinn, Joseph F, 1987. "The Economic Status of the Elderly: Beware of the Mean," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 33(1), pages 63-82, March.
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    Citations

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    Cited by:

    1. Filip Chybalski & Edyta Marcinkiewicz, 2016. "The Replacement Rate: An Imperfect Indicator of Pension Adequacy in Cross-Country Analyses," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 126(1), pages 99-117, March.
    2. Plagnol, Anke C., 2011. "Financial satisfaction over the life course: The influence of assets and liabilities," Journal of Economic Psychology, Elsevier, vol. 32(1), pages 45-64, February.
    3. Daniel Gray, 2014. "Financial Concerns and Overall Life Satisfaction: A Joint Modelling Approach," Working Papers 2014008, The University of Sheffield, Department of Economics.
    4. Jean Caron, 2012. "Predictors of Quality of Life in Economically Disadvantaged Populations in Montreal," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 107(3), pages 411-427, July.
    5. Jing Xiao & Cheng Chen & Fuzhong Chen, 2014. "Consumer Financial Capability and Financial Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 118(1), pages 415-432, August.
    6. Thomas Hansen, 2012. "Parenthood and Happiness: a Review of Folk Theories Versus Empirical Evidence," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 108(1), pages 29-64, August.
    7. Jan Mutchler & Yao-Chi Shih & Jiyoung Lyu & Ellen Bruce & Alison Gottlieb, 2015. "The Elder Economic Security Standard Index™: A New Indicator for Evaluating Economic Security in Later Life," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(1), pages 97-116, January.
    8. Sarah Brown & Daniel Gray, 2014. "Household Finances and Well-Being: An Empirical Analysis of Comparison Effects," Working Papers 2014015, The University of Sheffield, Department of Economics.
    9. Brown, Sarah & Gray, Daniel, 2016. "Household finances and well-being in Australia: An empirical analysis of comparison effects," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 17-36.
    10. John Grable & Sam Cupples & Fred Fernatt & NaRita Anderson, 2013. "Evaluating the Link Between Perceived Income Adequacy and Financial Satisfaction: A Resource Deficit Hypothesis Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(3), pages 1109-1124, December.

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