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Money Does not Buy Happiness: Or Does It? A Reassessment Based on the Combined Effects of Wealth, Income and Consumption

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Cited by:

  1. Alex C. Michalos & P. Maurine Hatch, 2020. "Good Societies, Financial Inequality and Secrecy, and a Good Life: from Aristotle to Piketty," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 15(4), pages 1005-1054, September.
  2. Selezneva, Ekaterina, 2011. "Surveying transitional experience and subjective well-being: Income, work, family," Economic Systems, Elsevier, vol. 35(2), pages 139-157, June.
  3. Fuzhong Chen & Guohai Jiang & Mengyi Gu, 2021. "Household savings and subjective wellbeing: Evidence from China," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(4), pages 1489-1504, December.
  4. Aistė Dirzytė & Ona Gražina Rakauskienė & Vaida Servetkienė, 2016. "Household income and satisfaction with life: cognitive – emotional impact paradox," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(2), pages 198-210, December.
  5. Zeynep Elburz & Karima Kourtit & Peter Nijkamp, 2022. "Well-Being and Geography: Modelling Differences in Regional Well-Being Profiles in Case of Spatial Dependence—Evidence from Turkey," Sustainability, MDPI, vol. 14(24), pages 1-15, December.
  6. Bruce Headey & Ruud Muffels, 2016. "Towards a Theory of Life Satisfaction: Accounting for Stability, Change and Volatility in 25-Year Life Trajectories in Germany," SOEPpapers on Multidisciplinary Panel Data Research 864, DIW Berlin, The German Socio-Economic Panel (SOEP).
  7. Powdthavee, Nattavudh & Lekfuangfu, Warn N. & Wooden, Mark, 2015. "What's the good of education on our overall quality of life? A simultaneous equation model of education and life satisfaction for Australia," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 54(C), pages 10-21.
  8. Maria Pereira & Filipe Coelho, 2013. "Untangling the Relationship Between Income and Subjective Well-Being: The Role of Perceived Income Adequacy and Borrowing Constraints," Journal of Happiness Studies, Springer, vol. 14(3), pages 985-1005, June.
  9. Cheng, Zhiming, 2021. "Education and consumption: Evidence from migrants in Chinese cities," Journal of Business Research, Elsevier, vol. 127(C), pages 206-215.
  10. Claudia Raats & Sabirah Adams & Shazly Savahl & Serena Isaacs & Habib Tiliouine, 2019. "The Relationship Between Hope and Life Satisfaction Among Children in Low and Middle Socio-Economic Status Communities in Cape Town, South Africa," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 12(2), pages 733-746, April.
  11. Ursina Kuhn & Gaël Brulé, 2019. "Buffering Effects for Negative Life Events: The Role of Material, Social, Religious and Personal Resources," Journal of Happiness Studies, Springer, vol. 20(5), pages 1397-1417, June.
  12. repec:bof:bofitp:urn:nbn:fi:bof-201508181355 is not listed on IDEAS
  13. Tiia Kekäläinen & Terhi-Anna Wilska & Katja Kokko, 2017. "Leisure Consumption and well-Being among Older Adults: Does Age or Life Situation Matter?," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 12(3), pages 671-691, September.
  14. Freytag, Andreas & Krüger, Jens J. & Meierrieks, Daniel & Schneider, Friedrich, 2011. "The origins of terrorism: Cross-country estimates of socio-economic determinants of terrorism," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 5-16.
  15. Meltem Ucal & Simge Günay, 2022. "Household Happiness and Fuel Poverty: a Cross-Sectional Analysis on Turkey," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(1), pages 391-420, February.
  16. Tamás Martos & Mária Kopp, 2012. "Life Goals and Well-Being: Does Financial Status Matter? Evidence from a Representative Hungarian Sample," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 105(3), pages 561-568, February.
  17. Pedersen, Peder J. & Schmidt, Torben Dall, 2009. "Happiness in Europe: Cross-Country Differences in the Determinants of Subjective Well-Being," IZA Discussion Papers 4538, Institute of Labor Economics (IZA).
  18. Pamela Abbott & Claire Wallace, 2014. "Rising Economic Prosperity and Social Quality the Case of New Member States of the European Union," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 115(1), pages 419-439, January.
  19. Miha Dominko & Miroslav Verbič, 2022. "The effect of subjective well‐being on consumption behavior," Journal of Consumer Affairs, Wiley Blackwell, vol. 56(2), pages 876-898, June.
  20. Dajana Barbić & Irena Palić, 2023. "Rich student, happy student: The case study of Croatia," EFZG Working Papers Series 2305, Faculty of Economics and Business, University of Zagreb.
  21. Asya Bellia, 2021. "Disability and happiness: the role of accessibility," Discussion Papers 2021/284, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  22. Swee Ang & Elison Lim & Siew Leong & Zhaonan Chen, 2015. "In Pursuit of Happiness: Effects of Mental Subtraction and Alternative Comparison," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 122(1), pages 87-103, May.
  23. Ryan Howell & Mark Kurai & Leona Tam, 2013. "Money Buys Financial Security and Psychological Need Satisfaction: Testing Need Theory in Affluence," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 110(1), pages 17-29, January.
  24. Roberta Distante, 2013. "Subjective Well-Being, Income and Relative Concerns in the UK," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 113(1), pages 81-105, August.
  25. Hilke Brockmann, 2012. "Das Glück der Migranten: eine Lebenslaufanalyse zum subjektiven Wohlbefinden von Migranten der ersten Generation in Deutschland," SOEPpapers on Multidisciplinary Panel Data Research 504, DIW Berlin, The German Socio-Economic Panel (SOEP).
  26. M. Joseph Sirgy, 2018. "The Psychology of Material Well-Being," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 13(2), pages 273-301, June.
  27. Vishal Chandr Jaunky & Jamiil Jeetoo & Shreya Rampersad, 2020. "Happiness and Consumption in Mauritius: An Exploratory Study of Socio-Economic Dimensions, Basic Needs, Luxuries and Personality Traits," Journal of Happiness Studies, Springer, vol. 21(7), pages 2377-2403, October.
  28. Tetsuya Tsurumi & Rintaro Yamaguchi & Kazuki Kagohashi & Shunsuke Managi, 2021. "Are Cognitive, Affective, and Eudaimonic Dimensions of Subjective Well-Being Differently Related to Consumption? Evidence from Japan," Journal of Happiness Studies, Springer, vol. 22(6), pages 2499-2522, August.
  29. Devrim Dumludag, 2015. "Consumption and life satisfaction at different levels of economic development," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(2), pages 163-182, June.
  30. Daniel Gray, 2014. "Financial Concerns and Overall Life Satisfaction: A Joint Modelling Approach," Working Papers 2014008, The University of Sheffield, Department of Economics.
  31. Sarah Kuypers & Ive Marx & Brian Nolan & Juan C. Palomino, 2022. "Lockdown, Earnings Losses and Household Asset Buffers in Europe," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(2), pages 428-470, June.
  32. Miha Dominko & Miroslav Verbič, 2021. "The Effect of Income and Wealth on Subjective Well-Being in the Context of Different Welfare State Regimes," Journal of Happiness Studies, Springer, vol. 22(1), pages 181-206, January.
  33. Ozge Gokdemir, 2015. "Consumption, savings and life satisfaction: the Turkish case," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(2), pages 183-196, June.
  34. Qian Li & Xiaoguang Huang & Hanwen Zhang, 2023. "Exploring the Effects of Consumption Expenditures on Life Satisfaction in China," Journal of Happiness Studies, Springer, vol. 24(6), pages 1963-1990, August.
  35. Nicholas Otis, 2017. "Subjective Well-Being in China: Associations with Absolute, Relative, and Perceived Economic Circumstances," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(2), pages 885-905, June.
  36. Gong Sun & Wangshuai Wang & Zhiming Cheng & Jie Li & Junhua Chen, 2017. "The Intermediate Linkage Between Materialism and Luxury Consumption: Evidence from the Emerging Market of China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(1), pages 475-487, May.
  37. Jing Xiao & Haifeng Li, 2011. "Sustainable Consumption and Life Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 104(2), pages 323-329, November.
  38. Lei, Lei & Wu, Fengyu & Xia, Yiming, 2023. "Child Gender and Subjective Well-being of Older Parents in China," GLO Discussion Paper Series 1229, Global Labor Organization (GLO).
  39. Asya Bellia, 2021. "How do different policy combinations affect the labour market attachment of disabled individuals? A review of the literatur," Discussion Papers 2021/283, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  40. Martin Wetzel & Jonathan Wörn & Bettina Hünteler & Karsten Hank, 2022. "Heterogeneity in Trajectories of Life Satisfaction After Reunification: The Role of Individual Resources and Life Stage in Former East Germany," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 159(3), pages 1103-1123, February.
  41. Miguel Lopes & Patricia Palma & Miguel e Cunha, 2011. "Tolerance is Not Enough: The Moderating Role of Optimism on Perceptions of Regional Economic Performance," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 102(2), pages 333-350, June.
  42. Watson, Barry & Osberg, Lars, 2019. "Can positive income anticipations reverse the mental health impacts of negative income anxieties?," Economics & Human Biology, Elsevier, vol. 35(C), pages 107-122.
  43. Ruud Muffels & Bruce Headey, 2013. "Capabilities and Choices: Do They Make Sen’se for Understanding Objective and Subjective Well-Being? An Empirical Test of Sen’s Capability Framework on German and British Panel Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 110(3), pages 1159-1185, February.
  44. David Brady & Michaela Curran & Richard Carpiano, 2023. "A test of the predictive validity of relative versus absolute income for self-reported health and well-being in the United States," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 48(26), pages 775-808.
  45. Bruce Headey & Ruud Muffels, 2018. "A Theory of Life Satisfaction Dynamics: Stability, Change and Volatility in 25-Year Life Trajectories in Germany," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 140(2), pages 837-866, November.
  46. Maneka Jayasinghe & Eliyathamby A. Selvanathan & Saroja Selvanathan, 2020. "The Financial Resilience and Life Satisfaction Nexus of Indigenous Australians," Economic Papers, The Economic Society of Australia, vol. 39(4), pages 336-352, December.
  47. Petar Sorić & Mirjana Čižmešija & Marina Matošec, 2020. "EU Consumer Confidence and the New Modesty Hypothesis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 152(3), pages 899-921, December.
  48. Wuke Zhang & Mingliang Chen & Ying Xie & Zhen Zhao, 2018. "Prosocial Spending and Subjective Well-Being: The Recipient Perspective," Journal of Happiness Studies, Springer, vol. 19(8), pages 2267-2281, December.
  49. Claborn, Kelly A. & Brooks, Jeremy S., 2019. "Can We Consume Less and Gain More? Environmental Efficiency of Well-being at the Individual Level," Ecological Economics, Elsevier, vol. 156(C), pages 110-120.
  50. Dean R. Lillard, 2021. "Cross‐National Research: Realised and Potential Contributions," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 54(4), pages 542-553, December.
  51. Jagodzinski Wolfgang, 2011. "Autonomy, religiosity and national identification as determinants of life satisfaction: A theoretical and empirical model and its application to Japan," Contemporary Japan, De Gruyter, vol. 23(1), pages 93-127, January.
  52. Martin Berlin & Niklas Kaunitz, 2015. "Beyond Income: The Importance for Life Satisfaction of Having Access to a Cash Margin," Journal of Happiness Studies, Springer, vol. 16(6), pages 1557-1573, December.
  53. Juan Pablo Cárdenas & Gerardo Vidal & Carolina Urbina & Gastón Olivares & Pablo Rodrigo & Miguel Fuentes, 2018. "Social Crises: Signatures of Complexity in a Fast-Growing Economy," Complexity, Hindawi, vol. 2018, pages 1-11, April.
  54. Maite Blázquez Cuesta & Santiago Budría, 2014. "Deprivation and Subjective Well-Being: Evidence from Panel Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(4), pages 655-682, December.
  55. Herziger, Atar & Claborn, Kelly A. & Brooks, Jeremy S., 2020. "Is There Hope for the Double Dividend? How Social Context Can Shape Synergies and Tradeoffs between Sustainable Consumption and Well-Being," Ecological Economics, Elsevier, vol. 176(C).
  56. Mark Stelzner, 2022. "Growth, Consumption, and Happiness: Modeling the Easterlin Paradox," Journal of Happiness Studies, Springer, vol. 23(2), pages 377-389, February.
  57. 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).
  58. Wan-chi Chen, 2012. "How Education Enhances Happiness: Comparison of Mediating Factors in Four East Asian Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 106(1), pages 117-131, March.
  59. Haining Wang & Zhiming Cheng & Russell Smyth, 2015. "Does Consuming More Make You Happier? Evidence from Chinese Panel Data," Monash Economics Working Papers 29-15, Monash University, Department of Economics.
  60. repec:zbw:bofitp:urn:nbn:fi:bof-201508181355 is not listed on IDEAS
  61. Rackow, Katja & Schupp, Jürgen & Scheve, Christian von, 2012. "Angst und Ärger: Zur Relevanz emotionaler Dimensionen sozialer Ungleichheit," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 41(5), pages 392-409.
  62. Gregor Gonza & Anže Burger, 2017. "Subjective Well-Being During the 2008 Economic Crisis: Identification of Mediating and Moderating Factors," Journal of Happiness Studies, Springer, vol. 18(6), pages 1763-1797, December.
  63. Haining Wang & Zhiming Cheng & Russell Smyth, 2015. "Does Consuming More Make You Happier? Evidence from Chinese Panel Data," Monash Economics Working Papers 29-15, Monash University, Department of Economics.
  64. Nick Parr, 2010. "Satisfaction with life as an antecedent of fertility," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 22(21), pages 635-662.
  65. Chen, Fuzhong & Hsu, Chien-Lung & Lin, Arthur J. & Li, Haifeng, 2020. "Holding risky financial assets and subjective wellbeing: Empirical evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
  66. Berlin, Martin & Kaunitz, Niklas, 2011. "Subjective Well-Being, Income and Economic Margins," Working Paper Series 12/2011, Stockholm University, Swedish Institute for Social Research.
  67. Naoki Akaeda, 2020. "Contextual Social Trust and Well-Being Inequality: From the Perspectives of Education and Income," Journal of Happiness Studies, Springer, vol. 21(8), pages 2957-2979, December.
  68. Ruut Veenhoven & Felicia Chiperi & Xin Kang & Martijn Burger, 2021. "Happiness and Consumption: A Research Synthesis Using an Online Finding Archive* â€," SAGE Open, , vol. 11(1), pages 21582440209, March.
  69. Jenny Chesters & Jehane Simona & Christian Suter, 2021. "Cross-National Comparison of Age and Period Effects on Levels of Subjective Well-Being in Australia and Switzerland During Volatile Economic Times (2001–2016)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(1), pages 361-391, February.
  70. Pedersen, Peder J. & Schmidt, Torben Dall, 2011. "Happiness in Europe," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(5), pages 480-489.
  71. Choung, Youngjoo & Pak, Tae-Young & Chatterjee, Swarn, 2021. "Consumption and Life Satisfaction: The Korean Evidence," MPRA Paper 115765, University Library of Munich, Germany.
  72. Jing Xiao & Chuanyi Tang & Soyeon Shim, 2009. "Acting for Happiness: Financial Behavior and Life Satisfaction of College Students," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 92(1), pages 53-68, May.
  73. Fengyu Wu, 2020. "An Examination of the Effects of Consumption Expenditures on Life Satisfaction in Australia," Journal of Happiness Studies, Springer, vol. 21(8), pages 2735-2771, December.
  74. Mark Wooden & Ning Li, 2014. "Panel Conditioning and Subjective Well-being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 117(1), pages 235-255, May.
  75. repec:zbw:bofitp:2015_021 is not listed on IDEAS
  76. Liselot Hudders & Mario Pandelaere, 2012. "The Silver Lining of Materialism: The Impact of Luxury Consumption on Subjective Well-Being," Journal of Happiness Studies, Springer, vol. 13(3), pages 411-437, June.
  77. Bernhard Christoph, 2010. "The Relation Between Life Satisfaction and the Material Situation: A Re-Evaluation Using Alternative Measures," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 98(3), pages 475-499, September.
  78. Kumar, Ajay & Paul, Justin & StarÄ ević, SlaÄ‘ana, 2021. "Do brands make consumers happy?- A masstige theory perspective," Journal of Retailing and Consumer Services, Elsevier, vol. 58(C).
  79. Nicole Kapelle & Theresa Nutz & Daria Tisch & Manuel Schechtl & Philipp M. Lersch & Emanuela Struffolino, 2022. "My Wealth, (Y)Our Life Satisfaction? Sole and Joint Wealth Ownership and Life Satisfaction in Marriage," European Journal of Population, Springer;European Association for Population Studies, vol. 38(4), pages 811-834, October.
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