Income and life satisfaction: A 'wave formation' framework

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Income and life satisfaction: A 'wave formation' framework

Popis výsledku v původním jazyce

Previous research on the relation between wealth and life satisfaction has found conflicting results. The current study aims to bring a &quot;&quot;wave formation&quot;&quot; framework to the subjective well-being literature to understand the features of non-linearity in the income-life satisfaction association. The study compares individuals&apos; 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 &quot;&quot;wave.&quot;&quot; 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.

Název v anglickém jazyce

Income and life satisfaction: A 'wave formation' framework

Popis výsledku anglicky

Previous research on the relation between wealth and life satisfaction has found conflicting results. The current study aims to bring a &quot;&quot;wave formation&quot;&quot; framework to the subjective well-being literature to understand the features of non-linearity in the income-life satisfaction association. The study compares individuals&apos; 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 &quot;&quot;wave.&quot;&quot; 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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Happiness Studies

ISSN

1389-4978

e-ISSN

—

Svazek periodika

neuveden

Číslo periodika v rámci svazku

neuvedeno

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

14

Strana od-do

—

Kód UT WoS článku

000672248300001

EID výsledku v databázi Scopus

2-s2.0-85110706425