Abstract
In the last 30–40 years, we have seen burgeoning research on the predictive effects of income and wealth on subjective aspects of QOL. Because of the largess of this research literature, I am treating this topic as a separate Chapter 6 will continue by examining the effects of other demographic variables on subjective QOL.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Adelmann, P. K. (1987). Occupational complexity, control, and personal income: Their relation to psychological well-being in men and women. Journal of Applied Psychology, 72, 529–537.
Agrawal, J., Murthy, P., Phillip, M., Mehrotra, S., Thennarasu, K., John, J. P., Girish, N., Thippeswamy, V., & Isaac, M. (2011). Socio-demographic correlated of subjective well-being in Urban India. Social Indicators Research, 101, 419–434.
Ahuvia, A. C. (2001). Individualism/collectivism and cultures of happiness: A theoretical conjecture on the relationship between consumption, culture and subjective well-being at the national level. Journal of Happiness Studies, 3, 23–36.
Ahuvia, A. C., & Friedman, D. C. (1998). Income, consumption, and subjective well-being: Toward a composite macromarketing model. Journal of Macromarketing, 18, 153–168.
Boes, S., & Winkelmann, R. (2010). The effect of income on general life satisfaction and dissatisfaction. Social Indicators Research, 95, 111–128.
Brant, M., Stone, B., Joseph, N., Gegax, T. T., Underwood, A., Arora, A., et al. (1999, July 5). They’re rich and you’re not. Newsweek, 134, 36–43.
Brockmann, H., Delhey, J., Welzel, C., & Yuan, H. (2009). The China puzzle: Falling happiness in a rising economy. Journal of Happiness Studies, 10, 387–405.
Christoph, B. (2010). The relation between life satisfaction and the material situation: A re-evaluation using alternative measures. Social Indicators Research, 98, 475–499.
Clark, A. E. (2003). Unemployment as a social norm: Psychological evidence from panel data. Journal of Labor Economics, 21, 323–351.
Clark, A. E. (2011). Income and happiness: Getting the debate straight. Applied Research in Quality of Life, 6, 253–264.
Clark, A. E., Frijters, P., & Shields, M. (2008). Relative income, happiness and utility: An explanation for the Easterlin paradox and other puzzles. Journal of Economic Literature, 46, 95–144.
Clark, A. E., Kristensen, N., & Westergaard-Nielsen, N. (2008). Economic satisfaction and income rank in small neighbourhoods (IZA Discussion Paper Number 3813). Bonn, Germany: IZA.
Cummins, R. A. (2000). Personal income and subjective well-being: A review. Journal of Happiness Studies, 1(2), 133–158.
Cummins, R. A. (2011). Comparison theory in economic psychology regarding the Easterlin paradox and decreasing marginal utility: A critique. Applied Research in Quality of Life, 6, 241–252.
Davis, J. A., Smith, T. W., & Marsden, P. V. (2003). General social surveys, 1972–2002. Ann Arbor, MI: Inter-University Consortium for Political and Social Research. Available at www.webapp.ictisr.edulGSSI
Delhey, J. (2010). From materialist to post-materialist happiness? National affluence and determinants of life satisfaction in cross-national perspective. Social Indicators Research, 97, 65–84.
Dew, J. (2007). Two sides of the same coin? The differing roles of assets and consumer debt in marriage. Journal of Family and Economic Issues, 28, 89–104.
Dew, J. (2009). The gendered meanings of assets for divorce. Journal of Family and Economic Issues, 30, 20–31.
Diener, E., & Biswas-Diener, R. (2002). Will money increase subjective well-being? A literature review and guide to need to research. Social Indicators Research, 57, 119–169. Also published in E. Diener (Ed.). (2009). The science of well-being: The collected works of Ed Diener (pp. 119–154). Dordrecht, the Netherlands: Springer.
Diener, E., & Biswas-Diener, R. (2009). Happiness: Unlocking the mysteries of psychological wealth. Malden, MA: Blackwell.
Diener, E., Horwitz, F., & Emmons, R. A. (1985). Happiness of the very wealthy. Social Indicators Research, 16, 263–274.
Diener, E., Kahneman, D., Arora, R., Harter, J., & Tov, W. (2009). Income’s differential influence on judgments of life versus affective well-being. In E. Diener (Ed.), The science of well-being: The collected works of Ed Diener (pp. 233–246). Dordrecht, the Netherlands: Springer.
Diener, E., & Oishi, S. (2000). Money and happiness: Income and subjective well-being across nations. In E. Diener & E. M. Suh (Eds.), Subjective well-being across cultures. Cambridge, MA: MIT Press.
Diener, E., & Seligman, M. E. P. (2004). Beyond money: Toward an economy of well-being. Psychological Science in the Public Interest, 5, 1–31. Republished in E. Diener (Ed.). (2009). The science of well-being: The collected works of Ed Diener (pp. 201–265). Dordrecht, the Netherlands: Springer.
Dolan, P., Peasgood, T., & White, M. P. (2008). Do we really know what makes us happy? A review of the economic literature on factors associated with subjective well-being. Journal of Economic Psychology, 29, 94–122.
Easterlin, R. A. (2011). Happiness, growth, and the life cycle. New York: Oxford University Press.
Fischer, C. S. (2008). What wealth-happiness paradox? Journal of Happiness Studies, 9, 219–226.
Frey, B. S., & Stutzer, A. (2002). Happiness and economics. Princeton, NJ: Princeton University Press.
George, L. K. (1992). Economic status and subjective well-being: A review of the literature and an agenda for future research. In N. E. Cutler, D. W. Gregg, & M. P. Lawton (Eds.), Aging, money, and life satisfaction: Aspects of financial gerontology. New York: Springer.
Graham, C. (2011a). Does more money make you happier? Why so much debate? Applied Research in Quality of Life, 6, 219–240.
Graham, C. (2011b). The pursuit of happiness: An economy of well-being. Washington, DC: Brookings Institution Press.
Gudmunson, C. G., Beutler, I. F., Israelsen, C. L., McCoy, J. K., & Hill, E. J. (2007). Linking financial strain to marital instability: Examining roles of emotional distress and marital interaction. Journal of Family and Economic Issues, 28, 357–376.
Han, C.-K., & Hong, S.-L. (2011). Assets and life satisfaction patterns among Korean older adults: Latent class analysis. Social Indicators Research, 100, 225–240.
Haring, M. J., Okun, M. A., & Stock, W. A. (1984). A research synthesis of gender and social class as correlates of subjective well-being. Human Relations, 37, 645–657.
Headey, B., Muffels, R., & Wooden, M. (2008). Money does not buy happiness: Or does it? A reassessment based on the combined effects of wealth, income and consumption. Social Indicators Research, 87, 65–82.
Inglehart, R. (1971). The silent revolution in Europe: Intergenerational change in post-industrial societies. American Political Science Review, 65, 991–1017.
Inglehart, R. (1997). Modernization and post-modernization: Cultural, economic, and political change in 43 societies. Princeton, NJ: Princeton University Press.
Inglehart, R., & Welzel, C. (2005). Modernization, cultural change and democracy: The human development sequence. New York: Cambridge University Press.
Kesebir, P., & Diener, E. (2009). In pursuit of happiness: Empirical answers to philosophical questions. In E. Diener (Ed.), The science of well-being: The collected works of Ed Diener (pp. 59–74). Dordrecht, the Netherlands: Springer.
Lawless, N. M., & Lucas, R. E. (2011). Predictors of regional well-being: A county level analysis. Social Indicators Research, 101, 341–357.
Levin, K. A., Torsheim, T., Vollebergh, W., Richter, M., Davies, C. A., Schnohr, C. W., et al. (2011). National income and income inequality, family affluence and life satisfaction among 13 year old boys and girls: A multilevel study in 35 countries. Social Indicators Research, 104, 179–194.
Morawetz, D. (1977). Income distribution and self-rated happiness: Some empirical evidence. The Economic Journal, 87, 511–522.
Parks-Yancy, R., DiTomaso, N., & Post, C. (2007). The mitigating effects of social and financial capital resources on hardships. Journal of Family and Economic Issues, 28, 429–448.
Pinquart, M., & Sorensen, S. (2000). Influences of socio-economic status, social network, and competence on subjective well-being in later life: A meta-analysis. Psychology and Aging, 15(2), 187–224.
Rojas, M. (2011). Happiness, income, and beyond. Applied Research in Quality of Life, 3, 265–276.
Scanlon, E., & Page-Adams, D. (2001). Effects of asset holding on neighbourhoods, families, and children: A review of research (CSD Research Report). St. Louis, MO: Washington University, Center for Social Development.
Schyns, P. (1998). Cross-national differences in happiness: Economic and cultural factors explored. Social Indicators Research, 43, 3–26.
Schyns, P. (2000). The relationship between income, changes in income and life satisfaction in West Germany and the Russian Federation: Relative, absolute, or a combination of both? In E. Diener & D. R. Rahtz (Eds.), Advances in quality of life theory and research (pp. 203–207). Dordrecht, the Netherlands: Kluwer Academic Publishers.
Shapiro, A., & Keyes, C. L. (2008). Marital status and social well-being: Are the married always better off? Social Indicators Research, 88, 329–346.
Sherrandon, M. (1991). Assets and the poor: A new American welfare policy. Armonk, NY: M. E. Sharp.
Stanca, L. (2010). The geography of economics and happiness: Spatial patterns in the effects of economic conditions. Social Indicators Research, 99, 115–133.
Suzuki, K. (2009). Are they frigid to economic development? Reconsideration of the economic effect on subjective well-being. Social Indicators Research, 92, 81–89.
United Nations Development Programme. (1998). Human development report—1998. New York: Oxford University Press.
Veenhoven, R. (1991). Is happiness relative? Social Indicators Research, 24, 1–34.
Veenhoven, R. (1995). The cross-national pattern of happiness: Test of predictions implied in three theories of happiness. Social Indicators Research, 34, 33–68.
Veenhoven, R. (1999). Quality-of-life in individualistic society. Social Indicators Research, 48, 157–186.
Wang, O., & VanderWeele, T. J. (2011). Empirical research on factors related to subjective well-being of Chinese urban residents. Social Indicators Research, 101, 447–459.
Welzel, C., & Inglehart, R. (2010). Agency, values, and well-being: A human development model. Social Indicators Research, 97, 43–63.
Welzel, C., Inglehart, R., & Klingemann, H. D. (2003). The theory of human development: A cross-cultural analysis. European Journal of Political Research, 42, 341–379.
Zagorski, K. (2011). Income and happiness in time of post-communist modernization. Social Indicators Research, 104, 331–349.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2012 Springer Science+Business Media B.V.
About this chapter
Cite this chapter
Sirgy, M.J. (2012). Effects of Income and Wealth on Subjective QOL. In: The Psychology of Quality of Life. Social Indicators Research Series, vol 50. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-4405-9_5
Download citation
DOI: https://doi.org/10.1007/978-94-007-4405-9_5
Published:
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-007-4404-2
Online ISBN: 978-94-007-4405-9
eBook Packages: Humanities, Social Sciences and LawSocial Sciences (R0)