Income and life satisfaction: A 'wave formation' framework
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F21%3A63531038" target="_blank" >RIV/70883521:28120/21:63531038 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/content/pdf/10.1007/s10902-021-00428-8.pdf" target="_blank" >https://link.springer.com/content/pdf/10.1007/s10902-021-00428-8.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10902-021-00428-8" target="_blank" >10.1007/s10902-021-00428-8</a>
Alternative languages
Result language
angličtina
Original language name
Income and life satisfaction: A 'wave formation' framework
Original language description
Previous research on the relation between wealth and life satisfaction has found conflicting results. The current study aims to bring a ""wave formation"" framework to the subjective well-being literature to understand the features of non-linearity in the income-life satisfaction association. The study compares individuals' life satisfaction at various wealth levels, moving their way up or down through the income stratum. We hypothesize that when someone with increasing income reaches the top of one stratum their satisfaction is high, but when they move from the top of one stratum to the bottom of the next their satisfaction declines, leading to a wave pattern. Using a cross-sectional design for the dataset of 1654 respondents in Azerbaijan, we apply the Ordered Logit method to identify the income borders of ups-and-downs in the ""wave."" Threshold levels for each wave element are then calculated separately for males and females after controlling for a set of individual-specific factors. Empirical results support the hypothesis, with life satisfaction following a wave formation. The research findings have implications for policymakers and future research.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50206 - Finance
Result continuities
Project
—
Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Happiness Studies
ISSN
1389-4978
e-ISSN
—
Volume of the periodical
neuveden
Issue of the periodical within the volume
neuvedeno
Country of publishing house
CH - SWITZERLAND
Number of pages
14
Pages from-to
—
UT code for WoS article
000672248300001
EID of the result in the Scopus database
2-s2.0-85110706425